BlackRock Enhanced International Dividend Trust (NYSE:BGY) Short Interest Up 112.2% in July

BlackRock Enhanced International Dividend Trust (NYSE:BGY) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 193,263 shares, an increase of 112.2% from the June 30th total of 91,082 shares. Based on an average daily volume of 210,386 shares, the days-to-cover ratio is presently 0.9 days.

BlackRock Enhanced International Dividend Trust Trading Up 2.4%

BGY stock traded up $0.14 during midday trading on Thursday, reaching $5.75. The stock had a trading volume of 168,908 shares, compared to its average volume of 342,256. The company’s fifty day simple moving average is $5.72 and its 200 day simple moving average is $5.77. BlackRock Enhanced International Dividend Trust has a 52-week low of $5.19 and a 52-week high of $6.23.

BlackRock Enhanced International Dividend Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a $0.0426 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date is Tuesday, September 15th.

Hedge Funds Weigh In On BlackRock Enhanced International Dividend Trust

Institutional investors and hedge funds have recently bought and sold shares of the business. Benjamin Edwards Inc. raised its holdings in BlackRock Enhanced International Dividend Trust by 21.6% in the 4th quarter. Benjamin Edwards Inc. now owns 14,354 shares of the investment management company’s stock valued at $84,000 after acquiring an additional 2,549 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of BlackRock Enhanced International Dividend Trust by 16.0% during the 1st quarter. Cetera Investment Advisers now owns 19,559 shares of the investment management company’s stock worth $106,000 after purchasing an additional 2,696 shares during the last quarter. Endeavor Private Wealth Inc. boosted its holdings in shares of BlackRock Enhanced International Dividend Trust by 9.1% during the 4th quarter. Endeavor Private Wealth Inc. now owns 38,449 shares of the investment management company’s stock worth $226,000 after purchasing an additional 3,199 shares during the last quarter. UBS Group AG grew its position in shares of BlackRock Enhanced International Dividend Trust by 1.2% in the third quarter. UBS Group AG now owns 365,958 shares of the investment management company’s stock valued at $2,104,000 after purchasing an additional 4,181 shares in the last quarter. Finally, Harbour Investments Inc. grew its position in shares of BlackRock Enhanced International Dividend Trust by 95.1% in the fourth quarter. Harbour Investments Inc. now owns 8,965 shares of the investment management company’s stock valued at $53,000 after purchasing an additional 4,370 shares in the last quarter.

About BlackRock Enhanced International Dividend Trust

BlackRock Enhanced International Dividend Trust (NYSE: BGY) is a closed-end management investment company led by BlackRock Fund Advisors. The trust seeks to provide high current income and the potential for capital appreciation by investing primarily in equity securities of non-U.S. companies. It employs an enhanced dividend strategy, combining a focus on stocks that offer attractive dividend yields with derivative overlays such as covered call writing and foreign currency hedging to help manage risk and generate additional income.

The fund’s portfolio is diversified across developed international markets, including Europe, Asia-Pacific and other regions outside the United States.