BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Short Interest Down 34.4% in December

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) was the recipient of a significant drop in short interest in December. As of December 15th, there was short interest totalling 52,000 shares, a drop of 34.4% from the November 30th total of 79,300 shares. Based on an average daily volume of 468,000 shares, the days-to-cover ratio is currently 0.1 days.

BlackRock Enhanced Equity Dividend Trust Stock Performance

NYSE:BDJ opened at $8.38 on Monday. The stock’s 50-day moving average is $8.72 and its 200-day moving average is $8.50. BlackRock Enhanced Equity Dividend Trust has a 1-year low of $7.65 and a 1-year high of $9.07.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 16th were issued a dividend of $0.0619 per share. This represents a $0.74 dividend on an annualized basis and a yield of 8.86%. This is a positive change from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.05. The ex-dividend date was Monday, December 16th.

Hedge Funds Weigh In On BlackRock Enhanced Equity Dividend Trust

Several large investors have recently modified their holdings of BDJ. Stolper Co increased its holdings in BlackRock Enhanced Equity Dividend Trust by 2.3% in the second quarter. Stolper Co now owns 62,260 shares of the investment management company’s stock valued at $509,000 after purchasing an additional 1,398 shares during the period. Sunbelt Securities Inc. grew its position in shares of BlackRock Enhanced Equity Dividend Trust by 7.3% in the 3rd quarter. Sunbelt Securities Inc. now owns 21,134 shares of the investment management company’s stock valued at $183,000 after buying an additional 1,440 shares during the last quarter. Prairie Wealth Advisors Inc. grew its position in shares of BlackRock Enhanced Equity Dividend Trust by 14.7% in the 2nd quarter. Prairie Wealth Advisors Inc. now owns 16,800 shares of the investment management company’s stock valued at $137,000 after buying an additional 2,150 shares during the last quarter. Venture Visionary Partners LLC increased its stake in shares of BlackRock Enhanced Equity Dividend Trust by 9.0% in the third quarter. Venture Visionary Partners LLC now owns 36,830 shares of the investment management company’s stock valued at $319,000 after buying an additional 3,042 shares during the period. Finally, XML Financial LLC raised its position in shares of BlackRock Enhanced Equity Dividend Trust by 30.7% during the third quarter. XML Financial LLC now owns 20,571 shares of the investment management company’s stock worth $178,000 after acquiring an additional 4,837 shares during the last quarter.

BlackRock Enhanced Equity Dividend Trust Company Profile

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.