Short Interest in BlackRock Enhanced Global Dividend Trust (NYSE:BOE) Expands By 28.4%

BlackRock Enhanced Global Dividend Trust (NYSE:BOE) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 41,260 shares, an increase of 28.4% from the November 30th total of 32,137 shares. Based on an average daily volume of 160,909 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 160,909 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of BlackRock Enhanced Global Dividend Trust

Large investors have recently made changes to their positions in the stock. PMG Family Office LLC purchased a new position in shares of BlackRock Enhanced Global Dividend Trust during the third quarter valued at approximately $205,000. Advisory Services Network LLC bought a new stake in BlackRock Enhanced Global Dividend Trust in the 3rd quarter worth approximately $116,000. NewEdge Advisors LLC grew its position in BlackRock Enhanced Global Dividend Trust by 55.8% in the 3rd quarter. NewEdge Advisors LLC now owns 23,161 shares of the financial services provider’s stock worth $268,000 after purchasing an additional 8,294 shares during the period. Moors & Cabot Inc. purchased a new stake in BlackRock Enhanced Global Dividend Trust during the 3rd quarter valued at $136,000. Finally, Raymond James Financial Inc. lifted its holdings in shares of BlackRock Enhanced Global Dividend Trust by 1.6% during the 3rd quarter. Raymond James Financial Inc. now owns 591,040 shares of the financial services provider’s stock valued at $6,838,000 after buying an additional 9,495 shares during the period.

BlackRock Enhanced Global Dividend Trust Stock Performance

BOE stock opened at $11.73 on Friday. BlackRock Enhanced Global Dividend Trust has a 1-year low of $9.16 and a 1-year high of $11.83. The business has a fifty day moving average price of $11.58 and a 200-day moving average price of $11.50.

BlackRock Enhanced Global Dividend Trust Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were given a $0.0827 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a c) dividend on an annualized basis and a yield of 8.5%.

About BlackRock Enhanced Global Dividend Trust

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.