BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Short Interest Down 44.9% in April

by · The Cerbat Gem

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ – Get Free Report) was the recipient of a significant decrease in short interest in 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 trading volume, of 507,033 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On BlackRock Enhanced Equity Dividend Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allworth Financial LP lifted its stake in shares of BlackRock Enhanced Equity Dividend Trust by 2.5% in the fourth quarter. Allworth Financial LP now owns 46,731 shares of the investment management company’s stock worth $443,000 after buying an additional 1,124 shares in the last quarter. Mezzasalma Advisors LLC lifted its stake in shares of BlackRock Enhanced Equity Dividend Trust by 2.6% in the fourth quarter. Mezzasalma Advisors LLC now owns 45,034 shares of the investment management company’s stock worth $424,000 after buying an additional 1,159 shares in the last quarter. Jackson Grant Investment Advisers Inc. increased its position in BlackRock Enhanced Equity Dividend Trust by 2.3% during the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 51,211 shares of the investment management company’s stock worth $485,000 after purchasing an additional 1,169 shares during the last quarter. NWF Advisory Services Inc. increased its position in BlackRock Enhanced Equity Dividend Trust by 2.8% during the third quarter. NWF Advisory Services Inc. now owns 44,084 shares of the investment management company’s stock worth $402,000 after purchasing an additional 1,199 shares during the last quarter. Finally, Truist Financial Corp increased its position in BlackRock Enhanced Equity Dividend Trust by 2.5% during the fourth quarter. Truist Financial Corp now owns 50,439 shares of the investment management company’s stock worth $478,000 after purchasing an additional 1,210 shares during the last quarter.

BlackRock Enhanced Equity Dividend Trust Stock Performance

NYSE BDJ traded up $0.04 during mid-day trading on Monday, reaching $8.97. 586,895 shares of the stock were exchanged, compared to its average volume of 453,431. The business’s 50 day moving average is $8.98 and its 200-day moving average is $9.21. BlackRock Enhanced Equity Dividend Trust has a 1 year low of $8.38 and a 1 year high of $9.76.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

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

BlackRock Enhanced Equity Dividend Trust Company Profile

(Get Free Report)

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.

Further Reading