BlackRock Enhanced Global Dividend Trust (NYSE:BOE) Sees Significant Decrease in Short Interest

BlackRock Enhanced Global Dividend Trust (NYSE:BOE) was the target of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 63,200 shares, a drop of 40.6% from the February 28th total of 106,400 shares. Based on an average daily trading volume, of 149,800 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On BlackRock Enhanced Global Dividend Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Elequin Capital LP purchased a new position in shares of BlackRock Enhanced Global Dividend Trust during the 4th quarter worth approximately $99,000. Waverly Advisors LLC acquired a new position in shares of BlackRock Enhanced Global Dividend Trust in the fourth quarter worth $221,000. Vivaldi Capital Management LP acquired a new position in shares of BlackRock Enhanced Global Dividend Trust in the fourth quarter worth $149,000. Saba Capital Management L.P. lifted its position in shares of BlackRock Enhanced Global Dividend Trust by 6.7% in the fourth quarter. Saba Capital Management L.P. now owns 2,148,768 shares of the financial services provider’s stock valued at $23,142,000 after acquiring an additional 135,300 shares in the last quarter. Finally, Pathstone Holdings LLC boosted its stake in shares of BlackRock Enhanced Global Dividend Trust by 5.4% during the fourth quarter. Pathstone Holdings LLC now owns 922,630 shares of the financial services provider’s stock valued at $9,943,000 after acquiring an additional 46,927 shares during the last quarter.

BlackRock Enhanced Global Dividend Trust Trading Down 0.4 %

NYSE:BOE opened at $10.85 on Monday. BlackRock Enhanced Global Dividend Trust has a 1 year low of $9.83 and a 1 year high of $11.47. The stock has a fifty day moving average price of $11.17 and a two-hundred day moving average price of $11.16.

BlackRock Enhanced Global Dividend Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.0827 per share. The ex-dividend date is Friday, March 14th. This represents a $0.99 dividend on an annualized basis and a yield of 9.15%.

About BlackRock Enhanced Global Dividend Trust

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.