BlackRock Enhanced International Dividend Trust (NYSE:BGY) Short Interest Update

BlackRock Enhanced International Dividend Trust (NYSE:BGY) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 297,200 shares, an increase of 29.7% from the February 28th total of 229,100 shares. Based on an average daily volume of 319,200 shares, the short-interest ratio is presently 0.9 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Park Avenue Securities LLC raised its position in shares of BlackRock Enhanced International Dividend Trust by 4.6% during the 4th quarter. Park Avenue Securities LLC now owns 197,771 shares of the investment management company’s stock valued at $1,050,000 after buying an additional 8,652 shares during the period. Thrivent Financial for Lutherans raised its position in BlackRock Enhanced International Dividend Trust by 10.1% in the third quarter. Thrivent Financial for Lutherans now owns 132,088 shares of the investment management company’s stock valued at $766,000 after purchasing an additional 12,088 shares during the period. Waterfront Wealth Inc. lifted its stake in shares of BlackRock Enhanced International Dividend Trust by 2.3% in the 4th quarter. Waterfront Wealth Inc. now owns 1,461,088 shares of the investment management company’s stock valued at $7,758,000 after purchasing an additional 32,568 shares during the last quarter. Wolverine Asset Management LLC grew its holdings in shares of BlackRock Enhanced International Dividend Trust by 267.3% during the 4th quarter. Wolverine Asset Management LLC now owns 159,818 shares of the investment management company’s stock worth $849,000 after purchasing an additional 116,301 shares during the period. Finally, Walleye Capital LLC acquired a new position in BlackRock Enhanced International Dividend Trust during the third quarter worth $107,000.

BlackRock Enhanced International Dividend Trust Price Performance

Shares of BGY stock traded down $0.06 during trading hours on Monday, reaching $5.57. The company had a trading volume of 499,703 shares, compared to its average volume of 238,258. BlackRock Enhanced International Dividend Trust has a 12-month low of $5.13 and a 12-month high of $5.90. The stock has a fifty day moving average of $5.60 and a 200-day moving average of $5.56.

BlackRock Enhanced International Dividend Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.0426 dividend. This represents a $0.51 annualized dividend and a yield of 9.19%. The ex-dividend date of this dividend is Friday, March 14th.

BlackRock Enhanced International Dividend Trust Company Profile

BlackRock Enhanced International Dividend Trust is a closed ended equity mutual fund launched by BlackRock, Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock International Limited. It invests in public equity markets across the globe excluding the United States. The fund seeks to invest in stocks of companies operating across diversified sectors.