BlackRock Enhanced International Dividend Trust (NYSE:BGY) Sees Significant Decrease in Short Interest

BlackRock Enhanced International Dividend Trust (NYSE:BGY) saw a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 22,600 shares, a drop of 66.1% from the January 31st total of 66,700 shares. Based on an average trading volume of 282,400 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On BlackRock Enhanced International Dividend Trust

A number of large investors have recently modified their holdings of BGY. Sequoia Financial Advisors LLC bought a new position in shares of BlackRock Enhanced International Dividend Trust in the third quarter valued at approximately $92,000. International Assets Investment Management LLC bought a new stake in BlackRock Enhanced International Dividend Trust during the third quarter valued at approximately $3,130,000. Thrivent Financial for Lutherans lifted its position in BlackRock Enhanced International Dividend Trust by 10.1% during the third quarter. Thrivent Financial for Lutherans now owns 132,088 shares of the investment management company’s stock valued at $766,000 after purchasing an additional 12,088 shares during the last quarter. Pathstone Holdings LLC lifted its position in BlackRock Enhanced International Dividend Trust by 35.4% during the third quarter. Pathstone Holdings LLC now owns 525,936 shares of the investment management company’s stock valued at $3,051,000 after purchasing an additional 137,639 shares during the last quarter. Finally, Walleye Capital LLC bought a new stake in BlackRock Enhanced International Dividend Trust during the third quarter valued at approximately $107,000.

BlackRock Enhanced International Dividend Trust Price Performance

Shares of BGY stock traded up $0.03 during trading hours on Friday, reaching $5.66. The stock had a trading volume of 249,995 shares, compared to its average volume of 219,002. The stock’s fifty day simple moving average is $5.46 and its 200 day simple moving average is $5.57. BlackRock Enhanced International Dividend Trust has a 12 month low of $5.13 and a 12 month high of $5.83.

BlackRock Enhanced International Dividend Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.0426 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.51 dividend on an annualized basis and a dividend yield of 9.04%.

BlackRock Enhanced International Dividend Trust Company Profile

BlackRock Enhanced International 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 excluding the United States. The fund seeks to invest in stocks of companies operating across diversified sectors.