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

BlackRock Enhanced Global Dividend Trust (NYSE:BOE) was the recipient of a large growth in short interest in February. As of February 28th, there was short interest totalling 106,400 shares, a growth of 134.4% from the February 13th total of 45,400 shares. Based on an average trading volume of 157,900 shares, the short-interest ratio is presently 0.7 days.

BlackRock Enhanced Global Dividend Trust Trading Up 0.6 %

Shares of BlackRock Enhanced Global Dividend Trust stock traded up $0.06 on Friday, reaching $10.87. 101,220 shares of the company were exchanged, compared to its average volume of 155,648. BlackRock Enhanced Global Dividend Trust has a one year low of $9.83 and a one year high of $11.47. The company has a 50-day moving average of $11.17 and a 200 day moving average of $11.16.

BlackRock Enhanced Global Dividend Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.0827 per share. This represents a $0.99 dividend on an annualized basis and a dividend yield of 9.13%. The ex-dividend date is Friday, March 14th.

Institutional Investors Weigh In On BlackRock Enhanced Global Dividend Trust

Institutional investors and hedge funds have recently made changes to their positions in the stock. Elequin Capital LP bought a new stake in BlackRock Enhanced Global Dividend Trust in the 4th quarter valued at $99,000. Waverly Advisors LLC bought a new stake in BlackRock Enhanced Global Dividend Trust in the 4th quarter valued at $221,000. Vivaldi Capital Management LP bought a new stake in BlackRock Enhanced Global Dividend Trust in the 4th quarter valued at $149,000. Saba Capital Management L.P. raised its stake in BlackRock Enhanced Global Dividend Trust by 6.7% in the 4th 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 during the period. Finally, Pathstone Holdings LLC raised its stake in BlackRock Enhanced Global Dividend Trust by 5.4% in the 4th 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 period.

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.