BlackRock Enhanced Global Dividend Trust (NYSE:BOE) Stock Short Interest Drops 76.9%

BlackRock Enhanced Global Dividend Trust (NYSE:BOE) saw a significant decrease in short interest in October. As of October 15th, there was short interest totaling 7,305 shares, a decrease of 76.9% from the September 30th total of 31,593 shares. Based on an average trading volume of 171,938 shares, the short-interest ratio is presently 0.0 days.

BlackRock Enhanced Global Dividend Trust Stock Up 1.5%

NYSE BOE traded up $0.17 during trading hours on Thursday, hitting $11.48. The company had a trading volume of 145,874 shares, compared to its average volume of 134,799. BlackRock Enhanced Global Dividend Trust has a fifty-two week low of $10.59 and a fifty-two week high of $12.58. The firm’s 50 day moving average is $11.95 and its 200 day moving average is $11.85.

BlackRock Enhanced Global Dividend Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be paid a dividend of $0.0827 per share. The ex-dividend date is Friday, December 11th. This represents a $0.99 annualized dividend and a dividend yield of 8.6%.

Institutional Trading of BlackRock Enhanced Global Dividend Trust

Several hedge funds have recently made changes to their positions in the stock. Apollon Wealth Management LLC bought a new stake in BlackRock Enhanced Global Dividend Trust in the third quarter worth about $239,000. Wedbush Securities Inc. purchased a new position in BlackRock Enhanced Global Dividend Trust during the 3rd quarter valued at about $137,000. Shaker Financial Services LLC increased its holdings 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 valued at $2,091,000 after purchasing an additional 21,219 shares during the period. Integrated Capital Management Inc. lifted its position in shares of BlackRock Enhanced Global Dividend Trust by 4.8% in the third quarter. Integrated Capital Management Inc. now owns 21,564 shares of the financial services provider’s stock worth $252,000 after purchasing an additional 990 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of BlackRock Enhanced Global Dividend Trust by 357.6% in the third quarter. Farther Finance Advisors LLC now owns 6,434 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 5,028 shares in the last quarter.

BlackRock Enhanced Global Dividend Trust Company Profile

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.