Short Interest in BlackRock Enhanced Global Dividend Trust (NYSE:BOE) Decreases By 68.6%

BlackRock Enhanced Global Dividend Trust (NYSE:BOE) was the recipient of a large drop in short interest in November. As of November 15th, there was short interest totalling 43,100 shares, a drop of 68.6% from the October 31st total of 137,200 shares. Based on an average daily volume of 154,200 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On BlackRock Enhanced Global Dividend Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. Comerica Bank lifted its position in shares of BlackRock Enhanced Global Dividend Trust by 2.9% during the first quarter. Comerica Bank now owns 81,090 shares of the financial services provider’s stock worth $848,000 after purchasing an additional 2,256 shares during the last quarter. Integrated Capital Management Inc. lifted its holdings 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. Raymond James & Associates grew its position in shares of BlackRock Enhanced Global Dividend Trust by 1.5% in the 2nd quarter. Raymond James & Associates now owns 499,629 shares of the financial services provider’s stock worth $5,301,000 after acquiring an additional 7,511 shares in the last quarter. Dakota Wealth Management increased its holdings in shares of BlackRock Enhanced Global Dividend Trust by 2.4% in the 2nd quarter. Dakota Wealth Management now owns 73,445 shares of the financial services provider’s stock valued at $779,000 after acquiring an additional 1,740 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of BlackRock Enhanced Global Dividend Trust by 239.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 282,135 shares of the financial services provider’s stock valued at $2,993,000 after acquiring an additional 199,101 shares in the last quarter.

BlackRock Enhanced Global Dividend Trust Stock Performance

Shares of BlackRock Enhanced Global Dividend Trust stock traded up $0.03 on Wednesday, hitting $11.28. 203,494 shares of the company’s stock traded hands, compared to its average volume of 156,549. BlackRock Enhanced Global Dividend Trust has a 52-week low of $9.77 and a 52-week high of $11.47. The firm’s 50-day moving average is $11.24 and its 200 day moving average is $10.90.

BlackRock Enhanced Global Dividend Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 16th will be issued a dividend of $0.0827 per share. This represents a $0.99 annualized dividend and a yield of 8.80%. The ex-dividend date of this dividend is Monday, December 16th.

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.