BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Short Interest Up 34.1% in February

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) was the recipient of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 332,100 shares, a growth of 34.1% from the January 31st total of 247,600 shares. Based on an average daily trading volume, of 491,700 shares, the days-to-cover ratio is currently 0.7 days.

BlackRock Enhanced Equity Dividend Trust Stock Up 1.2 %

BDJ opened at $8.85 on Thursday. The stock’s 50 day moving average price is $8.69 and its two-hundred day moving average price is $8.66. BlackRock Enhanced Equity Dividend Trust has a 12-month low of $7.80 and a 12-month high of $9.07.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.0619 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.74 dividend on an annualized basis and a yield of 8.40%. This is a positive change from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.05.

Institutional Trading of BlackRock Enhanced Equity Dividend Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BDJ. Farther Finance Advisors LLC acquired a new stake in BlackRock Enhanced Equity Dividend Trust in the 3rd quarter valued at approximately $532,000. Heritage Wealth Management Inc. acquired a new stake in BlackRock Enhanced Equity Dividend Trust in the 3rd quarter valued at approximately $156,000. XML Financial LLC grew its holdings in BlackRock Enhanced Equity Dividend Trust by 30.7% in the 3rd quarter. XML Financial LLC now owns 20,571 shares of the investment management company’s stock valued at $178,000 after buying an additional 4,837 shares during the last quarter. Tyler Stone Wealth Management lifted its position in shares of BlackRock Enhanced Equity Dividend Trust by 93.9% in the 3rd quarter. Tyler Stone Wealth Management now owns 63,474 shares of the investment management company’s stock worth $549,000 after acquiring an additional 30,735 shares during the period. Finally, Ashton Thomas Securities LLC lifted its position in shares of BlackRock Enhanced Equity Dividend Trust by 7.2% in the 3rd quarter. Ashton Thomas Securities LLC now owns 74,876 shares of the investment management company’s stock worth $648,000 after acquiring an additional 5,000 shares during the period.

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.