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

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

BlackRock Enhanced Equity Dividend Trust Stock Performance

Shares of NYSE BDJ opened at $8.67 on Thursday. The business has a fifty day simple moving average of $8.64 and a 200 day simple moving average of $8.53. BlackRock Enhanced Equity Dividend Trust has a one year low of $7.71 and a one year high of $9.07.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Brown Brothers Harriman & Co. acquired a new position in shares of BlackRock Enhanced Equity Dividend Trust in the third quarter valued at $43,000. JPMorgan Chase & Co. raised its stake in shares of BlackRock Enhanced Equity Dividend Trust by 1,203.3% in the third quarter. JPMorgan Chase & Co. now owns 5,539 shares of the investment management company’s stock valued at $48,000 after purchasing an additional 5,114 shares in the last quarter. Arete Wealth Advisors LLC acquired a new position in shares of BlackRock Enhanced Equity Dividend Trust in the third quarter valued at $98,000. Icon Wealth Advisors LLC acquired a new position in shares of BlackRock Enhanced Equity Dividend Trust in the third quarter valued at $118,000. Finally, Prairie Wealth Advisors Inc. raised 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 acquiring an additional 2,150 shares in 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.