BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Short Interest Update

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) was the recipient of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 52,000 shares, a drop of 34.4% from the November 30th total of 79,300 shares. Based on an average trading volume of 468,000 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. acquired a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the third quarter worth $43,000. JPMorgan Chase & Co. increased its position in BlackRock Enhanced Equity Dividend Trust by 1,203.3% during the third quarter. JPMorgan Chase & Co. now owns 5,539 shares of the investment management company’s stock worth $48,000 after acquiring an additional 5,114 shares during the period. Kapstone Financial Advisors LLC bought a new position in BlackRock Enhanced Equity Dividend Trust during the second quarter worth about $89,000. Arete Wealth Advisors LLC acquired a new stake in BlackRock Enhanced Equity Dividend Trust in the 3rd quarter worth about $98,000. Finally, Icon Wealth Advisors LLC bought a new stake in BlackRock Enhanced Equity Dividend Trust in the 3rd quarter valued at about $118,000.

BlackRock Enhanced Equity Dividend Trust Stock Performance

Shares of NYSE:BDJ opened at $8.38 on Monday. BlackRock Enhanced Equity Dividend Trust has a 12-month low of $7.65 and a 12-month high of $9.07. The business has a 50 day moving average of $8.72 and a 200-day moving average of $8.50.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 16th were paid a $0.0619 dividend. The ex-dividend date was Monday, December 16th. This is an increase from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.05. This represents a $0.74 annualized dividend and a yield of 8.86%.

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.