BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Short Interest Up 34.1% in February

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) saw a large growth in short interest in February. As of February 15th, there was short interest totalling 332,100 shares, a growth of 34.1% from the January 31st total of 247,600 shares. Based on an average daily volume of 491,700 shares, the short-interest ratio is currently 0.7 days.

BlackRock Enhanced Equity Dividend Trust Stock Up 1.2 %

BDJ opened at $8.85 on Thursday. BlackRock Enhanced Equity Dividend Trust has a fifty-two week low of $7.80 and a fifty-two week high of $9.07. The business has a 50-day moving average of $8.69 and a 200-day moving average of $8.66.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.0619 per share. This is a positive change from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.05. The ex-dividend date is Friday, March 14th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 8.40%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BDJ. Summit Securities Group LLC acquired a new position in shares of BlackRock Enhanced Equity Dividend Trust during the 4th quarter valued at about $38,000. Brown Brothers Harriman & Co. acquired a new position in shares of BlackRock Enhanced Equity Dividend Trust during the 3rd quarter valued at about $43,000. JPMorgan Chase & Co. increased its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 1,203.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,539 shares of the investment management company’s stock valued at $48,000 after acquiring an additional 5,114 shares during the last quarter. Ameriflex Group Inc. acquired a new position in shares of BlackRock Enhanced Equity Dividend Trust during the 4th quarter valued at about $74,000. Finally, South Plains Financial Inc. acquired a new position in shares of BlackRock Enhanced Equity Dividend Trust during the 4th quarter valued at about $81,000.

About BlackRock Enhanced Equity Dividend Trust

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.