BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Short Interest Up 8.4% in March

Posted by Renee Jackson on Apr 17th, 2024

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ – Get Free Report) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 78,800 shares, a growth of 8.4% from the March 15th total of 72,700 shares. Based on an average daily volume of 549,200 shares, the days-to-cover ratio is currently 0.1 days.

BlackRock Enhanced Equity Dividend Trust Price Performance

Shares of BDJ traded up $0.01 during midday trading on Wednesday, reaching $7.82. The stock had a trading volume of 388,921 shares, compared to its average volume of 544,959. The company’s fifty day simple moving average is $8.07 and its two-hundred day simple moving average is $7.78. BlackRock Enhanced Equity Dividend Trust has a 1-year low of $6.91 and a 1-year high of $8.57.

BlackRock Enhanced Equity Dividend Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be given a $0.056 dividend. This represents a $0.67 dividend on an annualized basis and a dividend yield of 8.59%. The ex-dividend date of this dividend is Friday, April 12th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Cowa LLC purchased a new position in BlackRock Enhanced Equity Dividend Trust during the 1st quarter worth $25,000. Tower Research Capital LLC TRC purchased a new position in BlackRock Enhanced Equity Dividend Trust during the 1st quarter worth $26,000. Creekmur Asset Management LLC purchased a new position in BlackRock Enhanced Equity Dividend Trust during the 4th quarter worth $34,000. L.M. Kohn & Company purchased a new position in BlackRock Enhanced Equity Dividend Trust during the 3rd quarter worth $76,000. Finally, Moneta Group Investment Advisors LLC purchased a new position in BlackRock Enhanced Equity Dividend Trust during the 4th quarter worth $77,000.

About BlackRock Enhanced Equity Dividend Trust

(Get Free Report)

BlackRock Enhanced Equity Dividend Trust is a closed-ended equity mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in dividend paying stocks of companies across all market capitalizations.