Short Interest in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Decreases By 44.9%

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) was the recipient of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 62,093 shares, a decrease of 44.9% from the April 15th total of 112,608 shares. Based on an average daily volume of 507,033 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On BlackRock Enhanced Equity Dividend Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of BDJ. United Financial Planning Group LLC acquired a new stake in BlackRock Enhanced Equity Dividend Trust during the 3rd quarter valued at $26,000. Harbor Investment Advisory LLC acquired a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the 4th quarter valued at $28,000. Atlantic Union Bankshares Corp acquired a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the 3rd quarter valued at $32,000. Global Assets Advisory LLC acquired a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the 1st quarter valued at $34,000. Finally, Optima Capital LLC acquired a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the 4th quarter valued at $35,000.

BlackRock Enhanced Equity Dividend Trust Price Performance

Shares of BDJ stock traded down $0.20 during mid-day trading on Friday, reaching $8.95. The stock had a trading volume of 641,942 shares, compared to its average volume of 451,995. The firm’s 50 day simple moving average is $8.99 and its 200 day simple moving average is $9.21. BlackRock Enhanced Equity Dividend Trust has a one year low of $8.38 and a one year high of $9.76.

BlackRock Enhanced Equity Dividend Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $0.0619 dividend. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 8.3%.

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.