Short Interest in BlackRock Enhanced Global Dividend Trust (NYSE:BOE) Decreases By 54.4%

BlackRock Enhanced Global Dividend Trust (NYSE:BOE) was the target of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 14,748 shares, a decrease of 54.4% from the January 15th total of 32,315 shares. Based on an average daily volume of 149,682 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 149,682 shares, the short-interest ratio is presently 0.1 days.

BlackRock Enhanced Global Dividend Trust Stock Down 0.9%

Shares of BOE stock traded down $0.11 during trading hours on Friday, reaching $11.93. 145,090 shares of the stock traded hands, compared to its average volume of 175,180. The business has a fifty day moving average price of $11.83 and a 200 day moving average price of $11.63. BlackRock Enhanced Global Dividend Trust has a 1-year low of $9.16 and a 1-year high of $12.18.

BlackRock Enhanced Global Dividend Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be paid a dividend of $0.0827 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) dividend on an annualized basis and a dividend yield of 8.3%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Harbour Investments Inc. grew its position in BlackRock Enhanced Global Dividend Trust by 12,792.3% in the fourth quarter. Harbour Investments Inc. now owns 5,028 shares of the financial services provider’s stock worth $59,000 after acquiring an additional 4,989 shares in the last quarter. Webster Bank N. A. bought a new position in shares of BlackRock Enhanced Global Dividend Trust during the 4th quarter valued at $70,000. Allworth Financial LP acquired a new stake in shares of BlackRock Enhanced Global Dividend Trust in the 2nd quarter valued at $74,000. Jackson Grant Investment Advisers Inc. bought a new stake in BlackRock Enhanced Global Dividend Trust in the third quarter worth $85,000. Finally, VSM Wealth Advisory LLC boosted its holdings in BlackRock Enhanced Global Dividend Trust by 436.9% in the third quarter. VSM Wealth Advisory LLC now owns 8,091 shares of the financial services provider’s stock worth $94,000 after purchasing an additional 6,584 shares in the last quarter.

BlackRock Enhanced Global Dividend Trust Company Profile

BlackRock Enhanced Global Dividend Trust (NYSE: BOE) is a closed-end management investment company designed to deliver a combination of high current income and capital appreciation. Listed on the New York Stock Exchange, the trust seeks to achieve its objective by investing primarily in a diversified portfolio of dividend-paying equity securities from companies around the world. To enhance income generation, BOE employs a systematic covered-call option writing strategy on a portion of its equity holdings.

The trust’s investment strategy emphasizes a global scope, allocating across developed and emerging market equities to capture dividend yields while managing geographic and sector risks.