Short Interest in BlackRock Enhanced Global Dividend Trust (NYSE:BOE) Increases By 8.1%

BlackRock Enhanced Global Dividend Trust (NYSE:BOE) was the target of a significant increase in short interest in October. As of October 31st, there was short interest totalling 137,200 shares, an increase of 8.1% from the October 15th total of 126,900 shares. Based on an average trading volume of 154,700 shares, the short-interest ratio is presently 0.9 days.

Hedge Funds Weigh In On BlackRock Enhanced Global Dividend Trust

A number of institutional investors and hedge funds have recently modified their holdings of the company. Pinnacle Wealth Planning Services Inc. boosted its holdings in BlackRock Enhanced Global Dividend Trust by 8.7% in the first quarter. Pinnacle Wealth Planning Services Inc. now owns 12,306 shares of the financial services provider’s stock valued at $129,000 after purchasing an additional 982 shares in the last quarter. Meridian Wealth Management LLC purchased a new position in BlackRock Enhanced Global Dividend Trust during the 3rd quarter worth $138,000. Wealth Enhancement Advisory Services LLC acquired a new position in BlackRock Enhanced Global Dividend Trust in the 3rd quarter valued at about $143,000. Rockefeller Capital Management L.P. acquired a new position in shares of BlackRock Enhanced Global Dividend Trust in the third quarter valued at approximately $201,000. Finally, Integrated Capital Management Inc. raised its position in BlackRock Enhanced Global Dividend Trust by 8.5% during the 2nd quarter. Integrated Capital Management Inc. now owns 19,780 shares of the financial services provider’s stock worth $210,000 after buying an additional 1,546 shares during the last quarter.

BlackRock Enhanced Global Dividend Trust Trading Up 1.2 %

NYSE:BOE opened at $11.31 on Tuesday. The stock has a fifty day moving average price of $11.22 and a 200 day moving average price of $10.86. BlackRock Enhanced Global Dividend Trust has a 12-month low of $9.72 and a 12-month high of $11.47.

BlackRock Enhanced Global Dividend Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a $0.063 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.76 dividend on an annualized basis and a yield of 6.68%.

BlackRock Enhanced Global Dividend Trust Company Profile

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.