BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Sees Significant Drop in Short Interest

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) was the recipient of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 277,700 shares, a decrease of 16.4% from the February 13th total of 332,100 shares. Based on an average daily volume of 491,900 shares, the days-to-cover ratio is currently 0.6 days.

BlackRock Enhanced Equity Dividend Trust Price Performance

BDJ traded down $0.01 on Wednesday, hitting $8.67. The company had a trading volume of 436,100 shares, compared to its average volume of 471,996. The stock has a fifty day moving average price of $8.74 and a 200-day moving average price of $8.67. BlackRock Enhanced Equity Dividend Trust has a 12-month low of $7.80 and a 12-month high of $9.07.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.0619 per share. This represents a $0.74 annualized dividend and a dividend yield of 8.57%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.05.

Institutional Investors Weigh In On BlackRock Enhanced Equity Dividend Trust

Several institutional investors have recently bought and sold shares of the company. Ashton Thomas Securities LLC lifted its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 1.5% during the 4th quarter. Ashton Thomas Securities LLC now owns 76,026 shares of the investment management company’s stock valued at $629,000 after purchasing an additional 1,150 shares during the last quarter. Tyler Stone Wealth Management raised its stake in BlackRock Enhanced Equity Dividend Trust by 2.0% in the fourth quarter. Tyler Stone Wealth Management now owns 64,730 shares of the investment management company’s stock valued at $536,000 after buying an additional 1,256 shares during the last quarter. Sunbelt Securities Inc. boosted its holdings in BlackRock Enhanced Equity Dividend Trust by 7.3% in the third quarter. Sunbelt Securities Inc. now owns 21,134 shares of the investment management company’s stock worth $183,000 after acquiring an additional 1,440 shares in the last quarter. Dakota Wealth Management boosted its holdings 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 worth $282,000 after acquiring an additional 1,740 shares in the last quarter. Finally, Stratos Wealth Partners LTD. grew its stake in shares of BlackRock Enhanced Equity Dividend Trust by 2.6% during the fourth quarter. Stratos Wealth Partners LTD. now owns 113,500 shares of the investment management company’s stock worth $940,000 after acquiring an additional 2,859 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.