Short Interest in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Declines By 51.8%

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) was the recipient of a significant decline in short interest in March. As of March 13th, there was short interest totaling 193,944 shares, a decline of 51.8% from the February 26th total of 402,124 shares. Based on an average daily volume of 507,149 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of BlackRock Enhanced Equity Dividend Trust

Several large investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. boosted its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 6.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 40,978 shares of the investment management company’s stock worth $364,000 after purchasing an additional 2,351 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in BlackRock Enhanced Equity Dividend Trust by 6.4% during the second quarter. Rockefeller Capital Management L.P. now owns 94,515 shares of the investment management company’s stock worth $840,000 after buying an additional 5,659 shares in the last quarter. MAI Capital Management boosted its stake in BlackRock Enhanced Equity Dividend Trust by 50.3% during the second quarter. MAI Capital Management now owns 6,997 shares of the investment management company’s stock worth $62,000 after buying an additional 2,341 shares during the last quarter. Franklin Resources Inc. grew its holdings in BlackRock Enhanced Equity Dividend Trust by 11.4% in the 2nd quarter. Franklin Resources Inc. now owns 12,493 shares of the investment management company’s stock valued at $111,000 after buying an additional 1,281 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its holdings in BlackRock Enhanced Equity Dividend Trust by 8.1% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 274,704 shares of the investment management company’s stock valued at $2,442,000 after buying an additional 20,610 shares in the last quarter.

BlackRock Enhanced Equity Dividend Trust Trading Down 2.1%

BDJ stock traded down $0.19 during midday trading on Friday, reaching $8.49. The stock had a trading volume of 449,332 shares, compared to its average volume of 425,383. BlackRock Enhanced Equity Dividend Trust has a 52-week low of $7.16 and a 52-week high of $9.76. The company’s fifty day simple moving average is $9.34 and its 200 day simple moving average is $9.21.

BlackRock Enhanced Equity Dividend Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.0619 dividend. This represents a c) annualized dividend and a dividend yield of 8.8%. The ex-dividend date of this dividend is Monday, June 15th.

BlackRock Enhanced Equity Dividend Trust Company Profile

BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ) is a closed-end management investment company that seeks to provide current income and capital appreciation by investing primarily in dividend-paying equity securities. The trust pursues an enhanced dividend strategy, focusing on U.S. large-capitalization common stocks with a history of dividend payments. To augment income generation, BDJ may also employ an option overlay strategy, writing covered call options on select securities or indices.

Since commencing operations in 2006, BDJ has been advised by BlackRock Fund Advisors, one of the world’s largest asset managers.