BlackRock Enhanced Global Dividend Trust (NYSE:BOE) Short Interest Down 27.5% in August

BlackRock Enhanced Global Dividend Trust (NYSE:BOE) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 27,200 shares, a drop of 27.5% from the August 15th total of 37,500 shares. Based on an average trading volume of 162,100 shares, the short-interest ratio is currently 0.2 days.

BlackRock Enhanced Global Dividend Trust Price Performance

BOE stock opened at $11.11 on Tuesday. BlackRock Enhanced Global Dividend Trust has a one year low of $8.80 and a one year high of $11.17. The company’s 50 day moving average price is $10.83 and its two-hundred day moving average price is $10.53.

BlackRock Enhanced Global Dividend Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be given a $0.063 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 6.80%. The ex-dividend date is Tuesday, October 15th.

Institutional Trading of BlackRock Enhanced Global Dividend Trust

Institutional investors have recently added to or reduced their stakes in the business. Spirepoint Private Client LLC bought a new stake in shares of BlackRock Enhanced Global Dividend Trust in the 1st quarter valued at about $108,000. Pinnacle Wealth Planning Services Inc. boosted its stake in shares of BlackRock Enhanced Global Dividend Trust by 8.7% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 12,306 shares of the financial services provider’s stock valued at $129,000 after purchasing an additional 982 shares during the period. Nomura Holdings Inc. bought a new position in shares of BlackRock Enhanced Global Dividend Trust in the fourth quarter worth approximately $124,000. Blue Bell Private Wealth Management LLC increased its stake in shares of BlackRock Enhanced Global Dividend Trust by 135.7% in the first quarter. Blue Bell Private Wealth Management LLC now owns 15,793 shares of the financial services provider’s stock worth $165,000 after buying an additional 9,093 shares during the period. Finally, Pacific Wealth Strategies Group Inc. increased its stake in shares of BlackRock Enhanced Global Dividend Trust by 40.2% in the first quarter. Pacific Wealth Strategies Group Inc. now owns 17,000 shares of the financial services provider’s stock worth $178,000 after buying an additional 4,875 shares during the period.

About BlackRock Enhanced Global Dividend Trust

BlackRock Enhanced Global Dividend Trust is a closed ended equity mutual fund launched by BlackRock, Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock International Limited. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors.