BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Short Interest Down 16.4% in February

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) was the recipient of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 277,700 shares, a drop of 16.4% from the February 13th total of 332,100 shares. Based on an average daily volume of 491,900 shares, the short-interest ratio is currently 0.6 days.

BlackRock Enhanced Equity Dividend Trust Price Performance

Shares of BDJ traded down $0.01 during mid-day trading on Tuesday, reaching $8.64. The company’s stock had a trading volume of 228,586 shares, compared to its average volume of 472,081. The business has a fifty day moving average of $8.73 and a 200 day moving average of $8.67. BlackRock Enhanced Equity Dividend Trust has a 1 year low of $7.80 and a 1 year high of $9.07.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.0619 dividend. This is an increase from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.05. This represents a $0.74 annualized dividend and a yield of 8.60%. The ex-dividend date is Friday, March 14th.

Hedge Funds Weigh In On BlackRock Enhanced Equity Dividend Trust

Several institutional investors and hedge funds have recently bought and sold shares of BDJ. Janney Montgomery Scott LLC boosted its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 57.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 264,337 shares of the investment management company’s stock worth $2,189,000 after purchasing an additional 96,332 shares during the period. HighTower Advisors LLC lifted its position in 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 worth $323,000 after buying an additional 7,638 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of BlackRock Enhanced Equity Dividend Trust by 1,203.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,539 shares of the investment management company’s stock valued at $48,000 after buying an additional 5,114 shares during the period. Park Avenue Securities LLC increased its stake in shares of BlackRock Enhanced Equity Dividend Trust by 79.9% in the fourth 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. Finally, Sunbelt Securities Inc. increased its position in BlackRock Enhanced Equity Dividend Trust by 7.3% in the 3rd quarter. Sunbelt Securities Inc. now owns 21,134 shares of the investment management company’s stock worth $183,000 after purchasing an additional 1,440 shares during 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.