BlackRock Enhanced International Dividend Trust (NYSE:BGY) Sees Significant Drop in Short Interest

BlackRock Enhanced International Dividend Trust (NYSE:BGY) saw a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 35,500 shares, a decline of 58.7% from the March 31st total of 85,900 shares. Based on an average daily volume of 202,800 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On BlackRock Enhanced International Dividend Trust

Large investors have recently added to or reduced their stakes in the company. NBC Securities Inc. acquired a new position in BlackRock Enhanced International Dividend Trust in the third quarter valued at approximately $29,000. RiverFront Investment Group LLC bought a new position in BlackRock Enhanced International Dividend Trust during the 3rd quarter worth $50,000. Investment Partners Asset Management Inc. acquired a new stake in BlackRock Enhanced International Dividend Trust in the fourth quarter worth $73,000. Nomura Holdings Inc. bought a new stake in BlackRock Enhanced International Dividend Trust in the fourth quarter valued at $76,000. Finally, CTC Alternative Strategies Ltd. acquired a new position in shares of BlackRock Enhanced International Dividend Trust during the fourth quarter valued at $87,000.

BlackRock Enhanced International Dividend Trust Stock Up 1.0 %

NYSE:BGY traded up $0.05 during mid-day trading on Friday, reaching $5.29. The stock had a trading volume of 88,715 shares, compared to its average volume of 207,077. BlackRock Enhanced International Dividend Trust has a 1-year low of $4.68 and a 1-year high of $5.66. The stock’s 50 day simple moving average is $5.36 and its two-hundred day simple moving average is $5.22.

BlackRock Enhanced International Dividend Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be issued a $0.034 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.41 dividend on an annualized basis and a dividend yield of 7.71%.

About BlackRock Enhanced International Dividend Trust

BlackRock Enhanced International Dividend Trust is a closed ended equity mutual fund launched by BlackRock, Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock International Limited. It invests in public equity markets across the globe excluding the United States. The fund seeks to invest in stocks of companies operating across diversified sectors.