Short Interest in BlackRock Enhanced Global Dividend Trust (NYSE:BOE) Grows By 62.2%

BlackRock Enhanced Global Dividend Trust (NYSE:BOE) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 102,861 shares, an increase of 62.2% from the May 14th total of 63,416 shares. Based on an average daily volume of 110,657 shares, the short-interest ratio is currently 0.9 days.

BlackRock Enhanced Global Dividend Trust Price Performance

NYSE BOE opened at $12.02 on Tuesday. The business’s fifty day moving average price is $11.75 and its 200-day moving average price is $11.69. BlackRock Enhanced Global Dividend Trust has a 1-year low of $10.59 and a 1-year high of $12.18.

BlackRock Enhanced Global Dividend Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.0827 per share. This represents a c) dividend on an annualized basis and a yield of 8.3%. The ex-dividend date is Tuesday, September 15th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BOE. Harbour Investments Inc. boosted its position in BlackRock Enhanced Global Dividend Trust by 12,792.3% in the fourth quarter. Harbour Investments Inc. now owns 5,028 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 4,989 shares during the last quarter. Webster Bank N. A. purchased a new stake in shares of BlackRock Enhanced Global Dividend Trust during the 4th quarter valued at about $70,000. Jackson Grant Investment Advisers Inc. bought a new position in shares of BlackRock Enhanced Global Dividend Trust in the 3rd quarter worth approximately $85,000. VSM Wealth Advisory LLC lifted its stake in shares of BlackRock Enhanced Global Dividend Trust by 436.9% in the 3rd quarter. VSM Wealth Advisory LLC now owns 8,091 shares of the financial services provider’s stock worth $94,000 after purchasing an additional 6,584 shares during the period. Finally, Advisory Services Network LLC purchased a new position in shares of BlackRock Enhanced Global Dividend Trust in the third quarter worth approximately $116,000.

About BlackRock Enhanced Global Dividend Trust

BlackRock Enhanced Global Dividend Trust (NYSE: BOE) is a closed-end management investment company designed to deliver a combination of high current income and capital appreciation. Listed on the New York Stock Exchange, the trust seeks to achieve its objective by investing primarily in a diversified portfolio of dividend-paying equity securities from companies around the world. To enhance income generation, BOE employs a systematic covered-call option writing strategy on a portion of its equity holdings.

The trust’s investment strategy emphasizes a global scope, allocating across developed and emerging market equities to capture dividend yields while managing geographic and sector risks.