BlackRock Enhanced Global Dividend Trust (NYSE:BOE) Short Interest Update

BlackRock Enhanced Global Dividend Trust (NYSE:BOE) was the recipient of a significant decline in short interest in September. As of September 15th, there was short interest totaling 88,461 shares, a decline of 40.8% from the August 31st total of 149,399 shares. Based on an average trading volume of 112,010 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Trading of BlackRock Enhanced Global Dividend Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in BOE. Readystate Asset Management LP bought a new position in shares of BlackRock Enhanced Global Dividend Trust in the second quarter valued at $184,000. Ameritas Advisory Services LLC boosted its stake in shares of BlackRock Enhanced Global Dividend Trust by 18.5% during the 2nd quarter. Ameritas Advisory Services LLC now owns 35,404 shares of the financial services provider’s stock worth $428,000 after acquiring an additional 5,523 shares in the last quarter. Kingsview Wealth Management LLC acquired a new position in shares of BlackRock Enhanced Global Dividend Trust in the 2nd quarter worth $122,000. Equitable Holdings Inc. acquired a new position in shares of BlackRock Enhanced Global Dividend Trust in the 2nd quarter worth $323,000. Finally, Bank of America Corp DE acquired a new position in shares of BlackRock Enhanced Global Dividend Trust in the 2nd quarter worth $2,396,000.

BlackRock Enhanced Global Dividend Trust Price Performance

NYSE BOE traded down $0.03 on Thursday, reaching $11.65. The company’s stock had a trading volume of 148,343 shares, compared to its average volume of 131,067. BlackRock Enhanced Global Dividend Trust has a twelve month low of $10.59 and a twelve month high of $12.58. The firm’s 50 day moving average is $12.24 and its two-hundred day moving average is $11.89.

BlackRock Enhanced Global Dividend Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be issued a $0.0827 dividend. This represents a $0.99 dividend on an annualized basis and a dividend yield of 8.5%. The ex-dividend date is Friday, December 11th.

BlackRock Enhanced Global Dividend Trust Company Profile

BlackRock Enhanced Global Dividend Trust (NYSE: BOE) is a closed-end investment company managed by BlackRock Advisors, LLC. The fund seeks to provide current income and long-term total return by investing primarily in dividend-paying equity securities issued by companies around the world.

The fund’s portfolio may include common stocks and other equity investments across developed and emerging markets, giving shareholders exposure to a range of industries and geographic regions. Its investment approach emphasizes companies with the potential to generate dividend income and capital appreciation.

To support its income-oriented strategy, BlackRock Enhanced Global Dividend Trust may write covered call options on a portion of its equity holdings.