Short Interest in BlackRock Enhanced Global Dividend Trust (NYSE:BOE) Rises By 401.1%

BlackRock Enhanced Global Dividend Trust (NYSE:BOE) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 87,200 shares, an increase of 401.1% from the November 30th total of 17,400 shares. Based on an average daily trading volume, of 157,300 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On BlackRock Enhanced Global Dividend Trust

A number of hedge funds have recently modified their holdings of BOE. Meridian Wealth Management LLC purchased a new stake in BlackRock Enhanced Global Dividend Trust during the 3rd quarter valued at about $138,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of BlackRock Enhanced Global Dividend Trust in the third quarter valued at approximately $143,000. Rockefeller Capital Management L.P. purchased a new stake in shares of BlackRock Enhanced Global Dividend Trust in the third quarter valued at approximately $201,000. Oppenheimer & Co. Inc. increased its holdings in shares of BlackRock Enhanced Global Dividend Trust by 18.8% in the third quarter. Oppenheimer & Co. Inc. now owns 19,733 shares of the financial services provider’s stock valued at $222,000 after purchasing an additional 3,120 shares during the last quarter. Finally, Whitener Capital Management Inc. lifted its position in BlackRock Enhanced Global Dividend Trust by 12.4% during the third quarter. Whitener Capital Management Inc. now owns 23,544 shares of the financial services provider’s stock worth $265,000 after buying an additional 2,605 shares in the last quarter.

BlackRock Enhanced Global Dividend Trust Price Performance

Shares of BlackRock Enhanced Global Dividend Trust stock traded down $0.17 on Friday, hitting $10.88. The company’s stock had a trading volume of 104,318 shares, compared to its average volume of 157,722. The firm has a fifty day moving average price of $11.19 and a 200-day moving average price of $11.00. BlackRock Enhanced Global Dividend Trust has a 1 year low of $9.77 and a 1 year high of $11.47.

BlackRock Enhanced Global Dividend Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 16th were issued a $0.0827 dividend. The ex-dividend date was Monday, December 16th. This represents a $0.99 dividend on an annualized basis and a yield of 9.12%.

About BlackRock Enhanced Global Dividend Trust

BlackRock Enhanced Global 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. The fund seeks to invest in stocks of companies operating across diversified sectors.