BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Sees Large Increase in Short Interest

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 85,249 shares, a growth of 240.5% from the May 31st total of 25,036 shares. Based on an average daily trading volume, of 562,294 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On BlackRock Enhanced Equity Dividend Trust

Several hedge funds have recently made changes to their positions in BDJ. United Financial Planning Group LLC bought a new position in BlackRock Enhanced Equity Dividend Trust in the third quarter worth $26,000. Harbor Investment Advisory LLC purchased a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the 4th quarter worth about $28,000. Western Wealth Management LLC purchased a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the 1st quarter worth about $28,000. Global Assets Advisory LLC bought a new position in shares of BlackRock Enhanced Equity Dividend Trust in the 1st quarter worth about $34,000. Finally, Optima Capital LLC purchased a new position in BlackRock Enhanced Equity Dividend Trust during the 4th quarter valued at about $35,000.

BlackRock Enhanced Equity Dividend Trust Stock Performance

BDJ traded up $0.14 on Monday, hitting $9.54. The company had a trading volume of 715,170 shares, compared to its average volume of 474,525. BlackRock Enhanced Equity Dividend Trust has a 52-week low of $8.42 and a 52-week high of $9.76. The stock has a fifty day simple moving average of $9.20 and a 200-day simple moving average of $9.26.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a $0.0619 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 7.8%.

About BlackRock Enhanced Equity Dividend Trust

BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ) is a closed-end management investment company that seeks to provide current income and capital appreciation by investing primarily in dividend-paying equity securities. The trust pursues an enhanced dividend strategy, focusing on U.S. large-capitalization common stocks with a history of dividend payments. To augment income generation, BDJ may also employ an option overlay strategy, writing covered call options on select securities or indices.

Since commencing operations in 2006, BDJ has been advised by BlackRock Fund Advisors, one of the world’s largest asset managers.