Short Interest in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Increases By 41.5%

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 272,286 shares, an increase of 41.5% from the November 30th total of 192,455 shares. Based on an average daily trading volume, of 418,622 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily trading volume, of 418,622 shares, the days-to-cover ratio is presently 0.7 days.

Hedge Funds Weigh In On BlackRock Enhanced Equity Dividend Trust

Large investors have recently added to or reduced their stakes in the company. Concorde Asset Management LLC boosted its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 36.3% in the 1st quarter. Concorde Asset Management LLC now owns 48,404 shares of the investment management company’s stock valued at $396,000 after acquiring an additional 12,891 shares during the last quarter. Transcend Capital Advisors LLC purchased a new position in shares of BlackRock Enhanced Equity Dividend Trust during the second quarter worth $102,000. Osaic Holdings Inc. lifted its position in BlackRock Enhanced Equity Dividend Trust by 15.6% during the second quarter. Osaic Holdings Inc. now owns 401,644 shares of the investment management company’s stock valued at $3,571,000 after purchasing an additional 54,324 shares during the period. Claro Advisors LLC boosted its holdings in BlackRock Enhanced Equity Dividend Trust by 100.8% in the second quarter. Claro Advisors LLC now owns 49,011 shares of the investment management company’s stock valued at $436,000 after purchasing an additional 24,603 shares during the last quarter. Finally, Allworth Financial LP grew its position in BlackRock Enhanced Equity Dividend Trust by 3,319.6% during the 2nd quarter. Allworth Financial LP now owns 45,276 shares of the investment management company’s stock worth $403,000 after purchasing an additional 43,952 shares during the period.

BlackRock Enhanced Equity Dividend Trust Stock Up 1.2%

BlackRock Enhanced Equity Dividend Trust stock traded up $0.12 during mid-day trading on Tuesday, reaching $9.40. 646,366 shares of the company were exchanged, compared to its average volume of 427,248. The business has a fifty day moving average of $9.11 and a 200 day moving average of $8.99. BlackRock Enhanced Equity Dividend Trust has a 12-month low of $7.16 and a 12-month high of $9.40.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be given a dividend of $0.0619 per share. The ex-dividend date of this dividend is Monday, December 22nd. This represents a c) dividend on an annualized basis and a yield of 7.9%.

BlackRock Enhanced Equity Dividend Trust Company Profile

BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ) is a closed-end management investment company that seeks to provide current income and capital appreciation by investing primarily in dividend-paying equity securities. The trust pursues an enhanced dividend strategy, focusing on U.S. large-capitalization common stocks with a history of dividend payments. To augment income generation, BDJ may also employ an option overlay strategy, writing covered call options on select securities or indices.

Since commencing operations in 2006, BDJ has been advised by BlackRock Fund Advisors, one of the world’s largest asset managers.