Short Interest in BlackRock Enhanced Global Dividend Trust (NYSE:BOE) Declines By 27.5%

BlackRock Enhanced Global Dividend Trust (NYSE:BOE) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 27,200 shares, a decline of 27.5% from the August 15th total of 37,500 shares. Based on an average daily volume of 162,100 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On BlackRock Enhanced Global Dividend Trust

A number of large investors have recently modified their holdings of BOE. Cornerstone Advisors LLC boosted its stake in BlackRock Enhanced Global Dividend Trust by 28.2% during the fourth quarter. Cornerstone Advisors LLC now owns 660,316 shares of the financial services provider’s stock valued at $6,550,000 after buying an additional 145,392 shares during the period. D.A. Davidson & CO. grew its holdings in shares of BlackRock Enhanced Global Dividend Trust by 14.9% during the fourth quarter. D.A. Davidson & CO. now owns 117,204 shares of the financial services provider’s stock worth $1,163,000 after purchasing an additional 15,194 shares in the last quarter. RPO LLC increased its position in shares of BlackRock Enhanced Global Dividend Trust by 260.8% in the fourth quarter. RPO LLC now owns 116,890 shares of the financial services provider’s stock worth $1,160,000 after purchasing an additional 84,490 shares during the last quarter. 1607 Capital Partners LLC raised its stake in BlackRock Enhanced Global Dividend Trust by 0.3% in the fourth quarter. 1607 Capital Partners LLC now owns 2,162,109 shares of the financial services provider’s stock valued at $21,448,000 after purchasing an additional 7,278 shares in the last quarter. Finally, Quantedge Capital Pte Ltd grew its stake in BlackRock Enhanced Global Dividend Trust by 46.7% in the 4th quarter. Quantedge Capital Pte Ltd now owns 81,314 shares of the financial services provider’s stock worth $807,000 after buying an additional 25,900 shares in the last quarter.

BlackRock Enhanced Global Dividend Trust Price Performance

Shares of BOE opened at $11.11 on Tuesday. BlackRock Enhanced Global Dividend Trust has a 52-week low of $8.80 and a 52-week high of $11.17. The stock’s 50-day simple moving average is $10.83 and its 200 day simple moving average is $10.53.

BlackRock Enhanced Global Dividend Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be issued a $0.063 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.80%. The ex-dividend date is Tuesday, October 15th.

BlackRock Enhanced Global Dividend Trust Company Profile

BlackRock Enhanced Global Dividend Trust is a closed ended equity mutual fund launched by BlackRock, Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock International Limited. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors.