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

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJGet Rating) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 285,400 shares, a growth of 7.9% from the August 15th total of 264,500 shares. Based on an average daily volume of 422,800 shares, the days-to-cover ratio is presently 0.7 days.

Hedge Funds Weigh In On BlackRock Enhanced Equity Dividend Trust

Several institutional investors have recently bought and sold shares of BDJ. Captrust Financial Advisors bought a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the 2nd quarter worth about $518,000. Goldman Sachs Group Inc. lifted its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 72.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 17,574 shares of the investment management company’s stock worth $155,000 after acquiring an additional 7,357 shares during the last quarter. Brick & Kyle Associates lifted its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 4.8% in the 2nd quarter. Brick & Kyle Associates now owns 50,647 shares of the investment management company’s stock worth $448,000 after acquiring an additional 2,340 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 93.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 22,575 shares of the investment management company’s stock worth $199,000 after acquiring an additional 10,925 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 160.7% in the 2nd quarter. Millennium Management LLC now owns 30,396 shares of the investment management company’s stock worth $268,000 after acquiring an additional 18,735 shares during the last quarter.

BlackRock Enhanced Equity Dividend Trust Trading Up 0.2 %

BDJ stock opened at $9.06 on Tuesday. BlackRock Enhanced Equity Dividend Trust has a 52 week low of $8.66 and a 52 week high of $10.45. The company has a fifty day simple moving average of $9.41 and a two-hundred day simple moving average of $9.39.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be given a dividend of $0.056 per share. The ex-dividend date is Wednesday, September 14th. This represents a $0.67 annualized dividend and a yield of 7.42%.

About BlackRock Enhanced Equity Dividend Trust

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BlackRock Enhanced Equity Dividend Trust is a closed-ended equity mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in dividend paying stocks of companies across all market capitalizations.

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