BlackRock Enhanced Global Dividend Trust (NYSE:BOE – Get Free Report) was the recipient of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 7,305 shares, a decline of 76.9% from the September 30th total of 31,593 shares. Based on an average daily volume of 171,938 shares, the days-to-cover ratio is presently 0.0 days.
BlackRock Enhanced Global Dividend Trust Stock Performance
BlackRock Enhanced Global Dividend Trust stock opened at $11.48 on Friday. BlackRock Enhanced Global Dividend Trust has a 1 year low of $10.59 and a 1 year high of $12.58. The company’s 50-day moving average is $11.95 and its two-hundred day moving average is $11.85.
BlackRock Enhanced Global Dividend Trust Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be given a dividend of $0.0827 per share. The ex-dividend date is Friday, December 11th. This represents a $0.99 annualized dividend and a dividend yield of 8.6%.
Institutional Investors Weigh In On BlackRock Enhanced Global Dividend Trust
A number of institutional investors and hedge funds have recently modified their holdings of the business. Allied Private Wealth LLC acquired a new position in shares of BlackRock Enhanced Global Dividend Trust in the 2nd quarter valued at $41,000. Farther Finance Advisors LLC boosted its position in shares of BlackRock Enhanced Global Dividend Trust by 357.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 6,434 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 5,028 shares during the last quarter. Kingsview Wealth Management LLC bought a new position in shares of BlackRock Enhanced Global Dividend Trust in the 2nd quarter worth $122,000. Commerce Bank acquired a new stake in shares of BlackRock Enhanced Global Dividend Trust during the second quarter worth $137,000. Finally, Wedbush Securities Inc. acquired a new stake in shares of BlackRock Enhanced Global Dividend Trust during the third quarter worth $137,000.
About BlackRock Enhanced Global Dividend Trust
BlackRock Enhanced Global Dividend Trust is a diversified closed-end management investment company listed on the New York Stock Exchange under the symbol BOE. The fund seeks to provide current income and long-term capital appreciation by investing primarily in dividend-paying equity securities issued by companies around the world.
The trust uses an enhanced income strategy that may include writing covered call options on some of its portfolio holdings. This approach is designed to generate additional distributable income while maintaining exposure to global equity markets.
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