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

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 228,060 shares, a growth of 167.5% from the June 15th total of 85,249 shares. Based on an average daily volume of 665,502 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of BlackRock Enhanced Equity Dividend Trust

Institutional investors have recently bought and sold shares of the business. PMG Family Office LLC acquired a new position in BlackRock Enhanced Equity Dividend Trust in the 3rd quarter valued at $1,135,000. UBS Group AG grew its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 9.9% during the 4th quarter. UBS Group AG now owns 700,242 shares of the investment management company’s stock worth $6,638,000 after purchasing an additional 62,974 shares in the last quarter. Waterfront Wealth Inc. grew its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 7.6% during the 1st quarter. Waterfront Wealth Inc. now owns 837,658 shares of the investment management company’s stock worth $7,221,000 after purchasing an additional 59,268 shares in the last quarter. SOL Capital Management CO bought a new position in shares of BlackRock Enhanced Equity Dividend Trust in the first quarter worth $3,168,000. Finally, PVG Asset Management Corp acquired a new position in BlackRock Enhanced Equity Dividend Trust in the third quarter valued at about $724,000.

BlackRock Enhanced Equity Dividend Trust Trading Down 0.4%

BDJ stock opened at $9.63 on Tuesday. The business’s fifty day moving average price is $9.30 and its two-hundred day moving average price is $9.28. BlackRock Enhanced Equity Dividend Trust has a fifty-two week low of $8.42 and a fifty-two week high of $9.76.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.0619 per share. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date of this dividend is Tuesday, September 15th.

About BlackRock Enhanced Equity Dividend Trust

BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ) is a closed-end management investment company that seeks to provide current income and capital appreciation by investing primarily in dividend-paying equity securities. The trust pursues an enhanced dividend strategy, focusing on U.S. large-capitalization common stocks with a history of dividend payments. To augment income generation, BDJ may also employ an option overlay strategy, writing covered call options on select securities or indices.

Since commencing operations in 2006, BDJ has been advised by BlackRock Fund Advisors, one of the world’s largest asset managers.