Short Interest in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Declines By 9.0%

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totalling 95,000 shares, a decline of 9.0% from the September 30th total of 104,400 shares. Based on an average daily volume of 493,100 shares, the short-interest ratio is currently 0.2 days.

BlackRock Enhanced Equity Dividend Trust Stock Performance

BDJ traded down $0.03 during midday trading on Friday, reaching $8.69. 198,836 shares of the company were exchanged, compared to its average volume of 484,551. BlackRock Enhanced Equity Dividend Trust has a one year low of $7.20 and a one year high of $8.84. The company’s fifty day moving average price is $8.60 and its 200 day moving average price is $8.33.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a $0.0562 dividend. This represents a $0.67 dividend on an annualized basis and a yield of 7.76%. The ex-dividend date of this dividend is Friday, November 15th.

Hedge Funds Weigh In On BlackRock Enhanced Equity Dividend Trust

A number of hedge funds have recently bought and sold shares of the company. CWM LLC lifted its position in shares of BlackRock Enhanced Equity Dividend Trust by 32.9% during the second quarter. CWM LLC now owns 8,333 shares of the investment management company’s stock valued at $68,000 after purchasing an additional 2,065 shares in the last quarter. Diversify Advisory Services LLC bought a new position in shares of BlackRock Enhanced Equity Dividend Trust in the first quarter valued at approximately $84,000. First Heartland Consultants Inc. purchased a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the second quarter valued at approximately $86,000. Spirepoint Private Client LLC bought a new stake in BlackRock Enhanced Equity Dividend Trust during the first quarter worth $87,000. Finally, Park Avenue Securities LLC bought a new stake in BlackRock Enhanced Equity Dividend Trust during the first quarter worth $89,000.

About BlackRock Enhanced Equity Dividend Trust

BlackRock Enhanced Equity Dividend Trust is a closed-ended equity mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in dividend paying stocks of companies across all market capitalizations.