BlackRock Enhanced Global Dividend Trust (NYSE:BOE) Sees Large Growth in Short Interest

BlackRock Enhanced Global Dividend Trust (NYSE:BOE) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 73,664 shares, a growth of 102.6% from the March 15th total of 36,362 shares. Based on an average daily volume of 158,148 shares, the days-to-cover ratio is currently 0.5 days.

BlackRock Enhanced Global Dividend Trust Stock Performance

Shares of BlackRock Enhanced Global Dividend Trust stock traded up $0.11 during midday trading on Tuesday, hitting $11.74. The company had a trading volume of 146,773 shares, compared to its average volume of 171,888. The company has a fifty day simple moving average of $11.51 and a 200 day simple moving average of $11.61. BlackRock Enhanced Global Dividend Trust has a 12-month low of $9.95 and a 12-month high of $12.18.

BlackRock Enhanced Global Dividend Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.0827 dividend. This represents a c) annualized dividend and a dividend yield of 8.5%. The ex-dividend date of this dividend is Monday, June 15th.

Hedge Funds Weigh In On BlackRock Enhanced Global Dividend Trust

A number of institutional investors have recently bought and sold shares of BOE. Lazard Asset Management LLC raised its position in BlackRock Enhanced Global Dividend Trust by 247.3% during the 4th quarter. Lazard Asset Management LLC now owns 888,386 shares of the financial services provider’s stock worth $10,403,000 after buying an additional 632,567 shares during the last quarter. Morgan Stanley raised its position in BlackRock Enhanced Global Dividend Trust by 3.0% during the 4th quarter. Morgan Stanley now owns 7,519,901 shares of the financial services provider’s stock worth $88,058,000 after buying an additional 220,422 shares during the last quarter. Advisors Asset Management Inc. raised its position in BlackRock Enhanced Global Dividend Trust by 23.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 858,422 shares of the financial services provider’s stock worth $9,932,000 after buying an additional 162,045 shares during the last quarter. Saba Capital Management L.P. raised its position in BlackRock Enhanced Global Dividend Trust by 6.7% during the 4th quarter. Saba Capital Management L.P. now owns 2,555,063 shares of the financial services provider’s stock worth $29,920,000 after buying an additional 160,525 shares during the last quarter. Finally, Guggenheim Capital LLC raised its position in BlackRock Enhanced Global Dividend Trust by 13.6% during the 4th quarter. Guggenheim Capital LLC now owns 1,148,096 shares of the financial services provider’s stock worth $13,444,000 after buying an additional 137,344 shares during 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.