Short Interest in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Grows By 26.4%

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 61,200 shares, a growth of 26.4% from the June 30th total of 48,400 shares. Based on an average daily volume of 432,500 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On BlackRock Enhanced Equity Dividend Trust

Several institutional investors have recently modified their holdings of the stock. Saxony Capital Management LLC lifted its stake in shares of BlackRock Enhanced Equity Dividend Trust by 29.3% in the 2nd quarter. Saxony Capital Management LLC now owns 46,473 shares of the investment management company’s stock valued at $380,000 after purchasing an additional 10,525 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of BlackRock Enhanced Equity Dividend Trust by 28.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 298,597 shares of the investment management company’s stock valued at $2,440,000 after purchasing an additional 66,052 shares during the last quarter. First Heartland Consultants Inc. bought a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the 2nd quarter valued at approximately $86,000. Calamos Advisors LLC lifted its stake in shares of BlackRock Enhanced Equity Dividend Trust by 100.8% in the 2nd quarter. Calamos Advisors LLC now owns 52,054 shares of the investment management company’s stock valued at $425,000 after purchasing an additional 26,134 shares during the last quarter. Finally, Boothe Investment Group Inc. lifted its stake in shares of BlackRock Enhanced Equity Dividend Trust by 5.8% in the 2nd quarter. Boothe Investment Group Inc. now owns 500,898 shares of the investment management company’s stock valued at $4,087,000 after purchasing an additional 27,603 shares during the last quarter.

BlackRock Enhanced Equity Dividend Trust Trading Up 0.8 %

Shares of NYSE BDJ traded up $0.07 during mid-day trading on Friday, hitting $8.32. 293,055 shares of the stock traded hands, compared to its average volume of 486,636. BlackRock Enhanced Equity Dividend Trust has a 52 week low of $6.91 and a 52 week high of $8.42. The stock has a fifty day moving average price of $8.20 and a 200-day moving average price of $8.09.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th will be paid a $0.0562 dividend. This is a positive change from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.06. The ex-dividend date of this dividend is Monday, July 15th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 8.11%.

About BlackRock Enhanced Equity Dividend Trust

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.