BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Short Interest Update

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) was the target of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 146,600 shares, an increase of 181.9% from the December 31st total of 52,000 shares. Based on an average daily volume of 491,900 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of BlackRock Enhanced Equity Dividend Trust

Institutional investors and hedge funds have recently bought and sold shares of the company. HighTower Advisors LLC boosted its stake in BlackRock Enhanced Equity Dividend Trust by 25.7% in the third quarter. HighTower Advisors LLC now owns 37,402 shares of the investment management company’s stock worth $323,000 after buying an additional 7,638 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 79.9% in the 4th quarter. Park Avenue Securities LLC now owns 26,070 shares of the investment management company’s stock worth $216,000 after acquiring an additional 11,575 shares during the last quarter. International Assets Investment Management LLC raised its position in BlackRock Enhanced Equity Dividend Trust by 792.7% in the 3rd quarter. International Assets Investment Management LLC now owns 341,764 shares of the investment management company’s stock worth $29,560,000 after purchasing an additional 303,480 shares during the period. Tyler Stone Wealth Management lifted its stake in BlackRock Enhanced Equity Dividend Trust by 93.9% in the third quarter. Tyler Stone Wealth Management now owns 63,474 shares of the investment management company’s stock worth $549,000 after purchasing an additional 30,735 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its stake in shares of BlackRock Enhanced Equity Dividend Trust by 7.3% during the third quarter. Sunbelt Securities Inc. now owns 21,134 shares of the investment management company’s stock valued at $183,000 after buying an additional 1,440 shares during the last quarter.

BlackRock Enhanced Equity Dividend Trust Price Performance

Shares of BDJ traded up $0.02 during trading hours on Friday, hitting $8.87. The company’s stock had a trading volume of 230,446 shares, compared to its average volume of 509,077. The business has a 50 day simple moving average of $8.60 and a two-hundred day simple moving average of $8.56. BlackRock Enhanced Equity Dividend Trust has a 52-week low of $7.80 and a 52-week high of $9.07.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a dividend of $0.0619 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 8.38%. This is a positive change from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.05. The ex-dividend date is Wednesday, January 15th.

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.