BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Short Interest Down 58.0% in May

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) saw a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 25,036 shares, a decrease of 58.0% from the May 14th total of 59,607 shares. Based on an average daily trading volume, of 518,402 shares, the days-to-cover ratio is presently 0.0 days.

BlackRock Enhanced Equity Dividend Trust Trading Up 1.3%

NYSE:BDJ opened at $9.30 on Friday. The company has a fifty day moving average of $9.11 and a 200 day moving average of $9.24. BlackRock Enhanced Equity Dividend Trust has a 52 week low of $8.42 and a 52 week high of $9.76.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.0619 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 8.0%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. United Financial Planning Group LLC bought a new position in BlackRock Enhanced Equity Dividend Trust in the 3rd quarter worth $26,000. Harbor Investment Advisory LLC bought a new position in BlackRock Enhanced Equity Dividend Trust in the 4th quarter worth $28,000. Western Wealth Management LLC bought a new position in BlackRock Enhanced Equity Dividend Trust in the 1st quarter worth $28,000. Optima Capital LLC bought a new position in BlackRock Enhanced Equity Dividend Trust in the 4th quarter worth $35,000. Finally, Global Wealth Strategies & Associates bought a new position in BlackRock Enhanced Equity Dividend Trust in the 4th quarter worth $37,000.

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.