BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Sees Significant Growth in Short Interest

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 85,249 shares, a growth of 240.5% from the May 31st total of 25,036 shares. Based on an average trading volume of 562,294 shares, the short-interest ratio is currently 0.2 days.

BlackRock Enhanced Equity Dividend Trust Stock Down 0.3%

Shares of BDJ opened at $9.39 on Friday. BlackRock Enhanced Equity Dividend Trust has a 1-year low of $8.42 and a 1-year high of $9.76. The firm’s 50 day simple moving average is $9.19 and its 200 day simple moving average is $9.25.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.0619 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BDJ. Envestnet Asset Management Inc. lifted its position in BlackRock Enhanced Equity Dividend Trust by 235.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 137,575 shares of the investment management company’s stock worth $1,253,000 after buying an additional 96,597 shares during the last quarter. UBS Group AG lifted its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 9.9% in the 4th quarter. UBS Group AG now owns 700,242 shares of the investment management company’s stock worth $6,638,000 after acquiring an additional 62,974 shares during the last quarter. PMG Family Office LLC purchased a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the 3rd quarter valued at $1,135,000. PVG Asset Management Corp bought a new position in shares of BlackRock Enhanced Equity Dividend Trust during the 3rd quarter valued at $724,000. Finally, Wealthspire Retirement LLC purchased a new position in BlackRock Enhanced Equity Dividend Trust in the 1st quarter worth $160,000.

About BlackRock Enhanced Equity Dividend Trust

BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ) is a closed-end management investment company that seeks to provide current income and capital appreciation by investing primarily in dividend-paying equity securities. The trust pursues an enhanced dividend strategy, focusing on U.S. large-capitalization common stocks with a history of dividend payments. To augment income generation, BDJ may also employ an option overlay strategy, writing covered call options on select securities or indices.

Since commencing operations in 2006, BDJ has been advised by BlackRock Fund Advisors, one of the world’s largest asset managers.