BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Sees Large Decrease in Short Interest

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totalling 95,000 shares, a drop 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 presently 0.2 days.

BlackRock Enhanced Equity Dividend Trust Price Performance

Shares of BlackRock Enhanced Equity Dividend Trust stock traded down $0.02 during trading hours on Friday, reaching $8.70. 198,715 shares of the company’s stock were exchanged, compared to its average volume of 484,529. The business has a fifty day moving average of $8.60 and a two-hundred day moving average of $8.33. BlackRock Enhanced Equity Dividend Trust has a 1 year low of $7.20 and a 1 year high of $8.84.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a dividend of $0.0562 per share. This represents a $0.67 dividend on an annualized basis and a dividend yield of 7.75%. The ex-dividend date of this dividend is Friday, November 15th.

Hedge Funds Weigh In On BlackRock Enhanced Equity Dividend Trust

Several institutional investors have recently bought and sold shares of BDJ. Park Avenue Securities LLC acquired a new position in BlackRock Enhanced Equity Dividend Trust in the first quarter valued at $89,000. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 35.3% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 117,343 shares of the investment management company’s stock worth $968,000 after acquiring an additional 30,628 shares during the period. Kovack Advisors Inc. boosted its position in shares of BlackRock Enhanced Equity Dividend Trust by 7.9% in the first quarter. Kovack Advisors Inc. now owns 17,428 shares of the investment management company’s stock worth $144,000 after acquiring an additional 1,280 shares during the last quarter. SpiderRock Advisors LLC purchased a new stake in BlackRock Enhanced Equity Dividend Trust in the first quarter valued at approximately $112,000. Finally, Hartline Investment Corp acquired a new position in BlackRock Enhanced Equity Dividend Trust during the first quarter worth approximately $312,000.

BlackRock Enhanced Equity Dividend Trust Company Profile

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.