BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Short Interest Update

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

BlackRock Enhanced Equity Dividend Trust Trading Down 0.3%

BDJ traded down $0.03 on Wednesday, hitting $9.46. 488,001 shares of the stock traded hands, compared to its average volume of 468,116. The business has a fifty day moving average price of $9.74 and a two-hundred day moving average price of $9.37. BlackRock Enhanced Equity Dividend Trust has a 52 week low of $8.42 and a 52 week high of $9.95.

BlackRock Enhanced Equity Dividend Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be given a dividend of $0.0619 per share. 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%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Western Wealth Management LLC bought a new position in shares of BlackRock Enhanced Equity Dividend Trust during the 1st quarter worth about $28,000. Global Assets Advisory LLC bought a new stake in BlackRock Enhanced Equity Dividend Trust in the first quarter valued at about $34,000. Axiom Investment Management LLC acquired a new position in BlackRock Enhanced Equity Dividend Trust in the first quarter worth about $39,000. SHP Wealth Management bought a new position in BlackRock Enhanced Equity Dividend Trust during the fourth quarter worth about $52,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in BlackRock Enhanced Equity Dividend Trust during the second quarter worth about $61,000.

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.