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

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) was the recipient of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 228,060 shares, a growth of 167.5% from the June 15th total of 85,249 shares. Based on an average daily volume of 665,502 shares, the days-to-cover ratio is currently 0.3 days.

BlackRock Enhanced Equity Dividend Trust Stock Performance

Shares of NYSE BDJ traded down $0.07 during trading hours on Wednesday, reaching $9.66. 328,588 shares of the stock traded hands, compared to its average volume of 484,692. The company’s 50-day simple moving average is $9.31 and its two-hundred day simple moving average is $9.28. BlackRock Enhanced Equity Dividend Trust has a 52-week low of $8.42 and a 52-week high of $9.76.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.0619 per share. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date is Tuesday, September 15th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in BDJ. United Financial Planning Group LLC purchased a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the 3rd quarter valued at $26,000. Harbor Investment Advisory LLC purchased a new position in BlackRock Enhanced Equity Dividend Trust in the 4th quarter worth $28,000. Western Wealth Management LLC bought a new stake in BlackRock Enhanced Equity Dividend Trust in the first quarter worth $28,000. Optima Capital LLC bought a new stake in BlackRock Enhanced Equity Dividend Trust in the fourth quarter worth $35,000. Finally, Global Wealth Strategies & Associates purchased a new stake in BlackRock Enhanced Equity Dividend Trust during the fourth quarter valued at about $37,000.

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.