BlackRock Enhanced International Dividend Trust (NYSE:BGY) Short Interest Up 143.5% in October

BlackRock Enhanced International Dividend Trust (NYSE:BGY) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 149,500 shares, an increase of 143.5% from the October 15th total of 61,400 shares. Based on an average daily trading volume, of 200,000 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC acquired a new stake in shares of BlackRock Enhanced International Dividend Trust in the third quarter valued at about $92,000. Sanctuary Advisors LLC acquired a new stake in BlackRock Enhanced International Dividend Trust in the second quarter valued at approximately $106,000. Park Avenue Securities LLC grew its position in BlackRock Enhanced International Dividend Trust by 2.2% in the second quarter. Park Avenue Securities LLC now owns 200,705 shares of the investment management company’s stock valued at $1,120,000 after acquiring an additional 4,397 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of BlackRock Enhanced International Dividend Trust by 6.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 10,266,153 shares of the investment management company’s stock valued at $57,285,000 after purchasing an additional 615,485 shares during the period. Finally, Almitas Capital LLC acquired a new position in shares of BlackRock Enhanced International Dividend Trust during the second quarter worth $90,000.

BlackRock Enhanced International Dividend Trust Price Performance

Shares of BlackRock Enhanced International Dividend Trust stock traded down $0.07 during trading hours on Wednesday, hitting $5.48. The company’s stock had a trading volume of 83,071 shares, compared to its average volume of 195,420. The business has a fifty day moving average of $5.65 and a 200 day moving average of $5.58. BlackRock Enhanced International Dividend Trust has a 1-year low of $4.95 and a 1-year high of $5.83.

BlackRock Enhanced International Dividend Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a $0.0338 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.41 annualized dividend and a yield of 7.40%.

About BlackRock Enhanced International Dividend Trust

BlackRock Enhanced International 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 excluding the United States. The fund seeks to invest in stocks of companies operating across diversified sectors.