BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Short Interest Up 8.4% in March

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 78,800 shares, a growth of 8.4% from the March 15th total of 72,700 shares. Based on an average daily trading volume, of 549,200 shares, the short-interest ratio is currently 0.1 days.

BlackRock Enhanced Equity Dividend Trust Stock Up 0.5 %

Shares of BDJ stock traded up $0.04 during trading hours on Wednesday, reaching $7.86. The stock had a trading volume of 256,608 shares, compared to its average volume of 540,904. The firm has a 50-day simple moving average of $8.07 and a 200-day simple moving average of $7.78. BlackRock Enhanced Equity Dividend Trust has a twelve month low of $6.91 and a twelve month high of $8.57.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be given a $0.056 dividend. This represents a $0.67 annualized dividend and a yield of 8.55%. The ex-dividend date of this dividend is Friday, April 12th.

Institutional Investors Weigh In On BlackRock Enhanced Equity Dividend Trust

Large investors have recently made changes to their positions in the company. Wells Fargo & Company MN lifted its holdings in BlackRock Enhanced Equity Dividend Trust by 26.9% in the fourth quarter. Wells Fargo & Company MN now owns 3,199,012 shares of the investment management company’s stock worth $24,600,000 after purchasing an additional 678,231 shares during the period. Invesco Ltd. lifted its stake in shares of BlackRock Enhanced Equity Dividend Trust by 35.4% in the 3rd quarter. Invesco Ltd. now owns 2,385,847 shares of the investment management company’s stock worth $18,156,000 after acquiring an additional 623,219 shares during the period. Raymond James & Associates boosted its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 3.6% in the fourth quarter. Raymond James & Associates now owns 2,182,631 shares of the investment management company’s stock valued at $16,784,000 after acquiring an additional 76,438 shares in the last quarter. Guggenheim Capital LLC raised its holdings in BlackRock Enhanced Equity Dividend Trust by 3.4% during the first quarter. Guggenheim Capital LLC now owns 1,601,156 shares of the investment management company’s stock worth $15,852,000 after purchasing an additional 52,939 shares in the last quarter. Finally, LPL Financial LLC lifted its position in BlackRock Enhanced Equity Dividend Trust by 3.1% in the third quarter. LPL Financial LLC now owns 1,300,156 shares of the investment management company’s stock worth $9,894,000 after purchasing an additional 39,227 shares during the period.

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.