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

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 95,000 shares, a drop of 9.0% from the September 30th total of 104,400 shares. Based on an average daily volume of 493,100 shares, the days-to-cover ratio is presently 0.2 days.

BlackRock Enhanced Equity Dividend Trust Stock Down 0.2 %

Shares of NYSE:BDJ traded down $0.02 during trading on Friday, reaching $8.70. 198,715 shares of the stock were exchanged, compared to its average volume of 484,529. BlackRock Enhanced Equity Dividend Trust has a 12-month low of $7.20 and a 12-month high of $8.84. The firm’s 50-day moving average price is $8.60 and its 200 day moving average price is $8.33.

BlackRock Enhanced Equity Dividend Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.0562 per share. This represents a $0.67 annualized dividend and a yield of 7.75%. The ex-dividend date is Friday, November 15th.

Institutional Investors Weigh In On BlackRock Enhanced Equity Dividend Trust

Several hedge funds and other institutional investors have recently bought and sold shares of BDJ. CWM LLC increased its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 32.9% in the 2nd quarter. CWM LLC now owns 8,333 shares of the investment management company’s stock valued at $68,000 after purchasing an additional 2,065 shares during the period. Diversify Advisory Services LLC acquired a new position in BlackRock Enhanced Equity Dividend Trust in the first quarter worth approximately $84,000. First Heartland Consultants Inc. bought a new position in BlackRock Enhanced Equity Dividend Trust during the second quarter valued at approximately $86,000. Spirepoint Private Client LLC bought a new position in shares of BlackRock Enhanced Equity Dividend Trust in the 1st quarter valued at approximately $87,000. Finally, Park Avenue Securities LLC acquired a new position in shares of BlackRock Enhanced Equity Dividend Trust in the 1st quarter valued at $89,000.

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.