BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Short Interest Update

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

BlackRock Enhanced Equity Dividend Trust Price Performance

NYSE:BDJ traded down $0.11 on Wednesday, reaching $8.68. The stock had a trading volume of 410,929 shares, compared to its average volume of 523,842. The stock has a fifty day moving average price of $8.60 and a 200-day moving average price of $8.56. BlackRock Enhanced Equity Dividend Trust has a 1-year low of $7.80 and a 1-year high of $9.07.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be given a $0.0619 dividend. This represents a $0.74 annualized dividend and a yield of 8.56%. The ex-dividend date of this dividend is Wednesday, January 15th. This is a boost from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.05.

Institutional Trading of BlackRock Enhanced Equity Dividend Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Mezzasalma Advisors LLC bought a new stake in BlackRock Enhanced Equity Dividend Trust during the 4th quarter worth about $363,000. Stratos Wealth Partners LTD. grew its position in shares of BlackRock Enhanced Equity Dividend Trust by 2.6% during the 4th quarter. Stratos Wealth Partners LTD. now owns 113,500 shares of the investment management company’s stock worth $940,000 after buying an additional 2,859 shares during the period. Western Financial Corp CA bought a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the fourth quarter worth approximately $125,000. Janney Montgomery Scott LLC lifted its holdings in BlackRock Enhanced Equity Dividend Trust by 57.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 264,337 shares of the investment management company’s stock valued at $2,189,000 after buying an additional 96,332 shares during the period. Finally, Dakota Wealth Management boosted its stake in BlackRock Enhanced Equity Dividend Trust by 5.4% in the fourth quarter. Dakota Wealth Management now owns 34,007 shares of the investment management company’s stock valued at $282,000 after acquiring an additional 1,740 shares during the last quarter.

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.