BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Short Interest Down 16.4% in February

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

Hedge Funds Weigh In On BlackRock Enhanced Equity Dividend Trust

A number of large investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC increased its position in shares of BlackRock Enhanced Equity Dividend Trust by 57.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 264,337 shares of the investment management company’s stock valued at $2,189,000 after acquiring an additional 96,332 shares during the period. HighTower Advisors LLC increased its holdings in BlackRock Enhanced Equity Dividend Trust by 25.7% in the 3rd quarter. HighTower Advisors LLC now owns 37,402 shares of the investment management company’s stock worth $323,000 after buying an additional 7,638 shares during the period. JPMorgan Chase & Co. increased its holdings in BlackRock Enhanced Equity Dividend Trust by 1,203.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,539 shares of the investment management company’s stock worth $48,000 after buying an additional 5,114 shares during the period. Park Avenue Securities LLC increased its holdings in BlackRock Enhanced Equity Dividend Trust by 79.9% in the 4th quarter. Park Avenue Securities LLC now owns 26,070 shares of the investment management company’s stock worth $216,000 after buying an additional 11,575 shares during the period. Finally, Sunbelt Securities Inc. increased its stake in shares of 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 during the period.

BlackRock Enhanced Equity Dividend Trust Trading Down 0.3 %

BDJ traded down $0.03 on Thursday, reaching $8.66. 79,425 shares of the company traded hands, compared to its average volume of 453,115. The firm has a fifty day simple moving average of $8.74 and a two-hundred day simple moving average of $8.67. BlackRock Enhanced Equity Dividend Trust has a one year low of $7.80 and a one year high of $9.07.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.0619 dividend. This represents a $0.74 annualized dividend and a dividend yield of 8.58%. This is a positive change from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.05. The ex-dividend date is Friday, March 14th.

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.