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

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) was the recipient of a large decline in short interest in April. As of April 15th, there was short interest totalling 72,100 shares, a decline of 8.5% from the March 31st total of 78,800 shares. Based on an average daily volume of 507,800 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On BlackRock Enhanced Equity Dividend Trust

Several institutional investors have recently modified their holdings of BDJ. Wealthspan Partners LLC bought a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the 1st quarter worth approximately $292,000. Kovack Advisors Inc. raised its position in BlackRock Enhanced Equity Dividend Trust by 7.9% in the 1st quarter. Kovack Advisors Inc. now owns 17,428 shares of the investment management company’s stock worth $144,000 after purchasing an additional 1,280 shares during the period. Hennion & Walsh Asset Management Inc. raised its position in BlackRock Enhanced Equity Dividend Trust by 35.3% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 117,343 shares of the investment management company’s stock worth $968,000 after purchasing an additional 30,628 shares during the period. International Assets Investment Management LLC lifted its stake in BlackRock Enhanced Equity Dividend Trust by 10.4% in the first quarter. International Assets Investment Management LLC now owns 22,515 shares of the investment management company’s stock worth $185,000 after purchasing an additional 2,119 shares during the last quarter. Finally, Park Avenue Securities LLC purchased a new stake in BlackRock Enhanced Equity Dividend Trust during the first quarter valued at about $89,000.

BlackRock Enhanced Equity Dividend Trust Stock Performance

Shares of NYSE BDJ remained flat at $8.02 during midday trading on Monday. The stock had a trading volume of 461,031 shares, compared to its average volume of 520,284. The firm has a 50-day moving average price of $8.07 and a two-hundred day moving average price of $7.81. BlackRock Enhanced Equity Dividend Trust has a 52 week low of $6.91 and a 52 week high of $8.57.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be given a dividend of $0.056 per share. The ex-dividend date is Friday, April 12th. This represents a $0.67 dividend on an annualized basis and a yield of 8.38%.

BlackRock Enhanced Equity Dividend Trust Company Profile

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.