BlackRock Enhanced Global Dividend Trust (NYSE:BOE) Short Interest Up 62.2% in May

BlackRock Enhanced Global Dividend Trust (NYSE:BOE) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 102,861 shares, a growth of 62.2% from the May 14th total of 63,416 shares. Based on an average daily volume of 110,657 shares, the short-interest ratio is presently 0.9 days.

Institutional Investors Weigh In On BlackRock Enhanced Global Dividend Trust

A number of institutional investors have recently added to or reduced their stakes in the stock. Harbour Investments Inc. lifted its holdings in BlackRock Enhanced Global Dividend Trust by 12,792.3% during the 4th quarter. Harbour Investments Inc. now owns 5,028 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 4,989 shares during the last quarter. Webster Bank N. A. bought a new position in BlackRock Enhanced Global Dividend Trust during the 4th quarter valued at about $70,000. Jackson Grant Investment Advisers Inc. bought a new position in BlackRock Enhanced Global Dividend Trust during the 3rd quarter valued at about $85,000. VSM Wealth Advisory LLC lifted its holdings in BlackRock Enhanced Global Dividend Trust by 436.9% during the 3rd quarter. VSM Wealth Advisory LLC now owns 8,091 shares of the financial services provider’s stock valued at $94,000 after purchasing an additional 6,584 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in BlackRock Enhanced Global Dividend Trust during the 3rd quarter valued at about $116,000.

BlackRock Enhanced Global Dividend Trust Stock Down 0.5%

NYSE BOE opened at $11.96 on Wednesday. The stock’s 50 day moving average is $11.76 and its two-hundred day moving average is $11.70. BlackRock Enhanced Global Dividend Trust has a 1-year low of $10.59 and a 1-year high of $12.18.

BlackRock Enhanced Global Dividend Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.0827 per share. This represents a c) dividend on an annualized basis and a yield of 8.3%. The ex-dividend date of this dividend is Tuesday, September 15th.

About BlackRock Enhanced Global Dividend Trust

BlackRock Enhanced Global Dividend Trust (NYSE: BOE) is a closed-end management investment company designed to deliver a combination of high current income and capital appreciation. Listed on the New York Stock Exchange, the trust seeks to achieve its objective by investing primarily in a diversified portfolio of dividend-paying equity securities from companies around the world. To enhance income generation, BOE employs a systematic covered-call option writing strategy on a portion of its equity holdings.

The trust’s investment strategy emphasizes a global scope, allocating across developed and emerging market equities to capture dividend yields while managing geographic and sector risks.