BlackRock Enhanced Global Dividend Trust (NYSE:BOE) Stock Short Interest Jumps 161.6%

BlackRock Enhanced Global Dividend Trust (NYSE:BOE) was the target of a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 19,109 shares, an increase of 161.6% from the October 15th total of 7,305 shares. Based on an average daily trading volume, of 164,136 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. purchased a new position in shares of BlackRock Enhanced Global Dividend Trust during the third quarter valued at about $10,284,000. Allspring Global Investments Holdings LLC grew its holdings in shares of BlackRock Enhanced Global Dividend Trust by 23.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 402,803 shares of the financial services provider’s stock worth $4,415,000 after acquiring an additional 76,955 shares during the period. Royal Bank of Canada grew its holdings in shares of BlackRock Enhanced Global Dividend Trust by 1.6% during the 1st quarter. Royal Bank of Canada now owns 263,164 shares of the financial services provider’s stock worth $2,885,000 after acquiring an additional 4,110 shares during the period. Bank of America Corp DE purchased a new position in shares of BlackRock Enhanced Global Dividend Trust during the 2nd quarter worth approximately $2,396,000. Finally, Shaker Financial Services LLC raised its position in shares of BlackRock Enhanced Global Dividend Trust by 13.4% in the 3rd quarter. Shaker Financial Services LLC now owns 179,043 shares of the financial services provider’s stock worth $2,091,000 after acquiring an additional 21,219 shares in the last quarter.

BlackRock Enhanced Global Dividend Trust Price Performance

Shares of BOE traded down $0.15 during mid-day trading on Friday, hitting $11.13. 20,890 shares of the company’s stock traded hands, compared to its average volume of 132,836. BlackRock Enhanced Global Dividend Trust has a 1 year low of $10.59 and a 1 year high of $12.58. The business’s 50-day moving average price is $11.73 and its 200-day moving average price is $11.82.

BlackRock Enhanced Global Dividend Trust Dividend Announcement

The business also recently declared 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. The ex-dividend date is Friday, December 11th. This represents a $0.99 annualized dividend and a yield of 8.9%.

About BlackRock Enhanced Global Dividend Trust

BlackRock Enhanced Global Dividend Trust is a diversified closed-end management investment company listed on the New York Stock Exchange under the symbol BOE. The fund seeks to provide current income and long-term capital appreciation by investing primarily in dividend-paying equity securities issued by companies around the world. The trust uses an enhanced income strategy that may include writing covered call options on some of its portfolio holdings. This approach is designed to generate additional distributable income while maintaining exposure to global equity markets.