BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Sees Large Growth in Short Interest

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 146,600 shares, a growth of 181.9% from the December 15th total of 52,000 shares. Based on an average trading volume of 491,900 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of BlackRock Enhanced Equity Dividend Trust

Several large investors have recently bought and sold shares of the business. Sunbelt Securities Inc. boosted its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 7.3% during the 3rd quarter. Sunbelt Securities Inc. now owns 21,134 shares of the investment management company’s stock worth $183,000 after purchasing an additional 1,440 shares during the last quarter. Prairie Wealth Advisors Inc. boosted its stake in BlackRock Enhanced Equity Dividend Trust by 14.7% during the second quarter. Prairie Wealth Advisors Inc. now owns 16,800 shares of the investment management company’s stock worth $137,000 after buying an additional 2,150 shares during the last quarter. Venture Visionary Partners LLC grew its holdings in BlackRock Enhanced Equity Dividend Trust by 9.0% in the 3rd quarter. Venture Visionary Partners LLC now owns 36,830 shares of the investment management company’s stock valued at $319,000 after buying an additional 3,042 shares in the last quarter. XML Financial LLC increased its stake in shares of BlackRock Enhanced Equity Dividend Trust by 30.7% in the 3rd quarter. XML Financial LLC now owns 20,571 shares of the investment management company’s stock worth $178,000 after acquiring an additional 4,837 shares during the last quarter. Finally, Ashton Thomas Securities LLC boosted its position in shares of BlackRock Enhanced Equity Dividend Trust by 7.2% during the 3rd quarter. Ashton Thomas Securities LLC now owns 74,876 shares of the investment management company’s stock valued at $648,000 after acquiring an additional 5,000 shares during the last quarter.

BlackRock Enhanced Equity Dividend Trust Stock Up 1.3 %

NYSE BDJ traded up $0.12 during mid-day trading on Wednesday, hitting $8.67. The stock had a trading volume of 597,058 shares, compared to its average volume of 544,595. BlackRock Enhanced Equity Dividend Trust has a twelve month low of $7.71 and a twelve month high of $9.07. The firm’s 50 day moving average is $8.64 and its 200 day moving average is $8.53.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a dividend of $0.0619 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This is a positive change from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.05. This represents a $0.74 dividend on an annualized basis and a yield of 8.57%.

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.