BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Short Interest Down 9.0% in October

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) was the target of a significant drop in short interest during 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 trading volume, of 493,100 shares, the short-interest ratio is presently 0.2 days.

BlackRock Enhanced Equity Dividend Trust Stock Down 0.3 %

BDJ traded down $0.03 during midday trading on Friday, reaching $8.69. The company had a trading volume of 198,836 shares, compared to its average volume of 484,551. BlackRock Enhanced Equity Dividend Trust has a 12-month low of $7.20 and a 12-month high of $8.84. The business has a 50-day moving average price of $8.60 and a two-hundred day moving average price of $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 issued a dividend of $0.0562 per share. This represents a $0.67 annualized dividend and a yield of 7.76%. The ex-dividend date is Friday, November 15th.

Institutional Trading of BlackRock Enhanced Equity Dividend Trust

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

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.