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

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 146,600 shares, a growth of 181.9% from the December 15th total of 52,000 shares. Based on an average daily volume of 491,900 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On BlackRock Enhanced Equity Dividend Trust

A number of large investors have recently added to or reduced their stakes in BDJ. Choreo LLC boosted its position in BlackRock Enhanced Equity Dividend Trust by 220.0% during the second quarter. Choreo LLC now owns 46,861 shares of the investment management company’s stock worth $382,000 after purchasing an additional 32,218 shares during the period. Concorde Asset Management LLC acquired a new position in shares of BlackRock Enhanced Equity Dividend Trust during the second quarter worth approximately $238,000. Prairie Wealth Advisors Inc. lifted its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 14.7% during the second quarter. Prairie Wealth Advisors Inc. now owns 16,800 shares of the investment management company’s stock worth $137,000 after buying an additional 2,150 shares during the last quarter. Logan Stone Capital LLC acquired a new position in shares of BlackRock Enhanced Equity Dividend Trust during the second quarter worth approximately $345,000. Finally, Creative Planning lifted its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 28.5% during the second quarter. Creative Planning now owns 131,265 shares of the investment management company’s stock worth $1,072,000 after buying an additional 29,145 shares during the last quarter.

BlackRock Enhanced Equity Dividend Trust Stock Up 1.3 %

Shares of BlackRock Enhanced Equity Dividend Trust stock opened at $8.67 on Thursday. The stock has a 50 day moving average price of $8.64 and a two-hundred day moving average price of $8.53. BlackRock Enhanced Equity Dividend Trust has a 12-month low of $7.71 and a 12-month high of $9.07.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.0619 per share. The ex-dividend date is Wednesday, January 15th. This represents a $0.74 dividend on an annualized basis and a yield of 8.57%. This is a boost from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.05.

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.