BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Shares Shorted: Short Interest Up 61.6% in September

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 145,679 shares, a growth of 61.6% from the August 31st total of 90,122 shares. Based on an average daily trading volume, of 433,782 shares, the days-to-cover ratio is presently 0.3 days.

BlackRock Enhanced Equity Dividend Trust Stock Performance

Shares of NYSE:BDJ traded down $0.03 during trading on Wednesday, reaching $9.46. The stock had a trading volume of 488,001 shares, compared to its average volume of 468,116. BlackRock Enhanced Equity Dividend Trust has a 52 week low of $8.42 and a 52 week high of $9.95. The business’s 50-day moving average price is $9.74 and its 200 day moving average price is $9.37.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be paid a $0.0619 dividend. The ex-dividend date is Friday, December 11th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 7.8%.

Hedge Funds Weigh In On BlackRock Enhanced Equity Dividend Trust

A number of institutional investors have recently modified their holdings of BDJ. Palogic Value Management L.P. bought a new position in BlackRock Enhanced Equity Dividend Trust in the second quarter valued at approximately $545,000. Sanctuary Advisors LLC bought a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the 2nd quarter valued at $944,000. Kestra Advisory Services LLC lifted its stake in shares of BlackRock Enhanced Equity Dividend Trust by 102.0% in the 1st quarter. Kestra Advisory Services LLC now owns 116,181 shares of the investment management company’s stock valued at $1,001,000 after purchasing an additional 58,660 shares during the period. Waterfront Wealth Inc. lifted its stake in shares of BlackRock Enhanced Equity Dividend Trust by 7.6% in the 1st quarter. Waterfront Wealth Inc. now owns 837,658 shares of the investment management company’s stock valued at $7,221,000 after purchasing an additional 59,268 shares during the period. Finally, OMC Financial Services LTD bought a new position in shares of BlackRock Enhanced Equity Dividend Trust in the 2nd quarter worth $637,000.

BlackRock Enhanced Equity Dividend Trust Company Profile

BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ) is a closed-end investment company managed by BlackRock Advisors, LLC. The fund seeks to provide current income and long-term capital appreciation by investing primarily in a diversified portfolio of equity securities, with an emphasis on companies that pay dividends.

BDJ uses an enhanced equity-income strategy that may include writing covered call options on selected portfolio holdings. This approach is intended to generate additional option-premium income while maintaining exposure to equity markets.