BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Sees Significant Increase in Short Interest

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

BlackRock Enhanced Equity Dividend Trust Price Performance

BlackRock Enhanced Equity Dividend Trust stock opened at $8.44 on Tuesday. The business has a fifty day moving average price of $8.64 and a 200-day moving average price of $8.52. BlackRock Enhanced Equity Dividend Trust has a 1-year low of $7.71 and a 1-year 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. Stockholders of record on Wednesday, January 15th will be issued a dividend of $0.0619 per share. The ex-dividend date is Wednesday, January 15th. This represents a $0.74 annualized dividend and a dividend yield of 8.81%. This is an increase from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.05.

Institutional Investors Weigh In On BlackRock Enhanced Equity Dividend Trust

Several institutional investors and hedge funds have recently made changes to their positions in the stock. HighTower Advisors LLC lifted its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 25.7% in the 3rd quarter. HighTower Advisors LLC now owns 37,402 shares of the investment management company’s stock valued at $323,000 after buying an additional 7,638 shares during the period. Choreo LLC boosted its position in BlackRock Enhanced Equity Dividend Trust by 220.0% in the 2nd quarter. Choreo LLC now owns 46,861 shares of the investment management company’s stock worth $382,000 after purchasing an additional 32,218 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of BlackRock Enhanced Equity Dividend Trust by 792.7% during 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 increased its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 93.9% during the 3rd quarter. Tyler Stone Wealth Management now owns 63,474 shares of the investment management company’s stock valued at $549,000 after purchasing an additional 30,735 shares in the last quarter. Finally, Sunbelt Securities Inc. increased its holdings in BlackRock Enhanced Equity Dividend Trust by 7.3% in 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 in the last quarter.

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.