BlackRock Enhanced Global Dividend Trust (NYSE:BOE) Stock Short Interest Falls 76.9%

BlackRock Enhanced Global Dividend Trust (NYSE:BOE) saw a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 7,305 shares, a decrease of 76.9% from the September 30th total of 31,593 shares. Based on an average daily volume of 171,938 shares, the short-interest ratio is presently 0.0 days.

BlackRock Enhanced Global Dividend Trust Price Performance

Shares of BlackRock Enhanced Global Dividend Trust stock traded up $0.03 on Wednesday, hitting $11.31. The company’s stock had a trading volume of 103,352 shares, compared to its average volume of 134,746. BlackRock Enhanced Global Dividend Trust has a 52-week low of $10.59 and a 52-week high of $12.58. The firm has a fifty day moving average price of $11.99 and a 200-day moving average price of $11.85.

BlackRock Enhanced Global Dividend Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be given a dividend of $0.0827 per share. The ex-dividend date is Friday, December 11th. This represents a $0.99 dividend on an annualized basis and a yield of 8.8%.

Institutional Trading of BlackRock Enhanced Global Dividend Trust

Several institutional investors and hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC grew its position in shares of BlackRock Enhanced Global Dividend Trust by 23.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 402,803 shares of the financial services provider’s stock valued at $4,415,000 after purchasing an additional 76,955 shares during the last quarter. Royal Bank of Canada increased its stake in shares of BlackRock Enhanced Global Dividend Trust by 1.6% during the 1st quarter. Royal Bank of Canada now owns 263,164 shares of the financial services provider’s stock worth $2,885,000 after purchasing an additional 4,110 shares in the last quarter. Bank of America Corp DE purchased a new position in shares of BlackRock Enhanced Global Dividend Trust during the 2nd quarter worth approximately $2,396,000. Shaker Financial Services LLC raised its position in shares of BlackRock Enhanced Global Dividend Trust by 13.4% during the 3rd quarter. Shaker Financial Services LLC now owns 179,043 shares of the financial services provider’s stock worth $2,091,000 after purchasing an additional 21,219 shares during the last quarter. Finally, D.A. Davidson & CO. raised its position in shares of BlackRock Enhanced Global Dividend Trust by 5.0% during the 1st quarter. D.A. Davidson & CO. now owns 148,012 shares of the financial services provider’s stock worth $1,622,000 after purchasing an additional 7,114 shares during the last quarter.

BlackRock Enhanced Global Dividend Trust Company Profile

BlackRock Enhanced Global Dividend Trust (NYSE: BOE) is a closed-end investment fund managed by BlackRock Advisors, LLC. The trust seeks to provide shareholders with total return and current income by investing in a diversified portfolio of global equity securities.

The fund generally emphasizes dividend-paying stocks issued by companies in the United States and international markets. Its portfolio may include securities across a range of industries, market capitalizations and geographic regions, providing exposure to global businesses that generate income through dividends and may offer long-term capital appreciation.

To support its income-oriented strategy, BlackRock Enhanced Global Dividend Trust may use options strategies, including writing covered call options on selected portfolio holdings.