BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Sees Significant Growth in Short Interest

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) saw a large increase in short interest in January. As of January 30th, there was short interest totaling 543,641 shares, an increase of 28.4% from the January 15th total of 423,424 shares. Based on an average trading volume of 435,240 shares, the days-to-cover ratio is currently 1.2 days. Based on an average trading volume of 435,240 shares, the days-to-cover ratio is currently 1.2 days.

BlackRock Enhanced Equity Dividend Trust Stock Up 0.3%

BDJ traded up $0.03 on Tuesday, hitting $9.51. The company had a trading volume of 287,226 shares, compared to its average volume of 425,385. The company’s fifty day moving average price is $9.47 and its 200 day moving average price is $9.17. BlackRock Enhanced Equity Dividend Trust has a 1-year low of $7.16 and a 1-year high of $9.76.

BlackRock Enhanced Equity Dividend Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a dividend of $0.0619 per share. This represents a c) annualized dividend and a dividend yield of 7.8%. The ex-dividend date of this dividend is Friday, March 13th.

Institutional Investors Weigh In On BlackRock Enhanced Equity Dividend Trust

Hedge funds have recently bought and sold shares of the company. Guggenheim Capital LLC lifted its position in shares of BlackRock Enhanced Equity Dividend Trust by 11.4% during the 4th quarter. Guggenheim Capital LLC now owns 2,297,905 shares of the investment management company’s stock worth $21,784,000 after purchasing an additional 234,887 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of BlackRock Enhanced Equity Dividend Trust by 7.2% in the fourth quarter. Cetera Investment Advisers now owns 244,186 shares of the investment management company’s stock valued at $2,315,000 after acquiring an additional 16,378 shares during the period. Kovack Advisors Inc. acquired a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the fourth quarter worth $682,000. Osaic Holdings Inc. increased its position in BlackRock Enhanced Equity Dividend Trust by 21.4% during the fourth quarter. Osaic Holdings Inc. now owns 510,941 shares of the investment management company’s stock worth $4,844,000 after acquiring an additional 89,931 shares during the period. Finally, &PARTNERS raised its stake in BlackRock Enhanced Equity Dividend Trust by 1.6% during the 4th quarter. &PARTNERS now owns 101,485 shares of the investment management company’s stock valued at $962,000 after purchasing an additional 1,595 shares during the last quarter.

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.