BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Short Interest Up 131.8% in October

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) was the recipient of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 220,200 shares, a growth of 131.8% from the October 15th total of 95,000 shares. Based on an average daily volume of 462,100 shares, the days-to-cover ratio is currently 0.5 days.

BlackRock Enhanced Equity Dividend Trust Stock Performance

BDJ traded up $0.14 during trading hours on Friday, hitting $9.02. 547,342 shares of the company’s stock were exchanged, compared to its average volume of 484,930. BlackRock Enhanced Equity Dividend Trust has a 1-year low of $7.47 and a 1-year high of $9.03. The stock’s 50-day moving average is $8.65 and its two-hundred day moving average is $8.40.

BlackRock Enhanced Equity Dividend Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a dividend of $0.0562 per share. This represents a $0.67 annualized dividend and a dividend yield of 7.48%. The ex-dividend date is Friday, November 15th.

Institutional Investors Weigh In On BlackRock Enhanced Equity Dividend Trust

A number of institutional investors and hedge funds have recently made changes to their positions in BDJ. Raymond James & Associates increased its stake in shares of BlackRock Enhanced Equity Dividend Trust by 2.1% during the 3rd quarter. Raymond James & Associates now owns 2,082,445 shares of the investment management company’s stock worth $18,013,000 after purchasing an additional 43,766 shares during the last quarter. Cornerstone Advisors LLC increased its position in BlackRock Enhanced Equity Dividend Trust by 23.0% during the first quarter. Cornerstone Advisors LLC now owns 1,463,595 shares of the investment management company’s stock worth $12,075,000 after buying an additional 273,706 shares during the last quarter. Advisors Asset Management Inc. increased its position in BlackRock Enhanced Equity Dividend Trust by 4.0% during the third quarter. Advisors Asset Management Inc. now owns 1,083,026 shares of the investment management company’s stock worth $9,368,000 after buying an additional 41,426 shares during the last quarter. Stifel Financial Corp raised its stake in BlackRock Enhanced Equity Dividend Trust by 2.3% in the third quarter. Stifel Financial Corp now owns 996,966 shares of the investment management company’s stock valued at $8,624,000 after buying an additional 22,548 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of BlackRock Enhanced Equity Dividend Trust by 138.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 711,096 shares of the investment management company’s stock valued at $6,151,000 after buying an additional 412,499 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.