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

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJGet Free Report) was the recipient of a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 41,200 shares, a decrease of 53.0% from the January 15th total of 87,600 shares. Based on an average daily volume of 630,900 shares, the short-interest ratio is presently 0.1 days.

BlackRock Enhanced Equity Dividend Trust Stock Performance

BDJ opened at $7.99 on Tuesday. BlackRock Enhanced Equity Dividend Trust has a 1-year low of $6.91 and a 1-year high of $9.26. The business has a 50 day moving average price of $7.82 and a two-hundred day moving average price of $7.71.

BlackRock Enhanced Equity Dividend Trust Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, February 29th. Shareholders of record on Thursday, February 15th will be given a $0.056 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.67 dividend on an annualized basis and a yield of 8.42%.

Institutional Investors Weigh In On BlackRock Enhanced Equity Dividend Trust

Institutional investors and hedge funds have recently modified their holdings of the stock. Shaker Financial Services LLC lifted its position in shares of BlackRock Enhanced Equity Dividend Trust by 31.2% during the 3rd quarter. Shaker Financial Services LLC now owns 860,512 shares of the investment management company’s stock valued at $6,548,000 after acquiring an additional 204,572 shares during the last quarter. Stratos Wealth Advisors LLC raised its stake in BlackRock Enhanced Equity Dividend Trust by 6.0% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 712,967 shares of the investment management company’s stock valued at $5,426,000 after purchasing an additional 40,644 shares during the period. Raymond James & Associates raised its stake in BlackRock Enhanced Equity Dividend Trust by 0.7% during the 3rd quarter. Raymond James & Associates now owns 2,106,193 shares of the investment management company’s stock valued at $16,028,000 after purchasing an additional 13,913 shares during the period. Bank of Montreal Can acquired a new stake in BlackRock Enhanced Equity Dividend Trust during the 2nd quarter valued at $187,000. Finally, CWM LLC raised its stake in BlackRock Enhanced Equity Dividend Trust by 200.9% during the 2nd quarter. CWM LLC now owns 6,553 shares of the investment management company’s stock valued at $55,000 after purchasing an additional 4,375 shares during the period.

BlackRock Enhanced Equity Dividend Trust Company Profile

(Get Free Report)

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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