BlackRock Enhanced International Dividend Trust (NYSE:BGY) Sees Significant Growth in Short Interest

BlackRock Enhanced International Dividend Trust (NYSE:BGY) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 193,263 shares, a growth of 112.2% from the June 30th total of 91,082 shares. Based on an average daily trading volume, of 210,386 shares, the short-interest ratio is presently 0.9 days.

BlackRock Enhanced International Dividend Trust Trading Down 0.3%

BGY traded down $0.01 on Tuesday, hitting $5.67. 381,798 shares of the company were exchanged, compared to its average volume of 344,218. The firm has a 50-day moving average price of $5.72 and a two-hundred day moving average price of $5.78. BlackRock Enhanced International Dividend Trust has a twelve month low of $5.19 and a twelve month high of $6.23.

BlackRock Enhanced International Dividend Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a $0.0426 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 9.0%.

Institutional Trading of BlackRock Enhanced International Dividend Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BGY. Waterfront Wealth Inc. lifted its holdings in shares of BlackRock Enhanced International Dividend Trust by 9.9% in the 4th quarter. Waterfront Wealth Inc. now owns 2,251,176 shares of the investment management company’s stock valued at $13,516,000 after purchasing an additional 201,961 shares during the last quarter. Uncommon Cents Investing LLC grew its position in BlackRock Enhanced International Dividend Trust by 7.6% in the 4th quarter. Uncommon Cents Investing LLC now owns 546,568 shares of the investment management company’s stock valued at $3,214,000 after buying an additional 38,756 shares during the last quarter. Cetera Investment Advisers purchased a new position in BlackRock Enhanced International Dividend Trust during the second quarter worth about $80,000. XTX Topco Ltd purchased a new stake in shares of BlackRock Enhanced International Dividend Trust in the second quarter valued at approximately $67,000. Finally, Evolve Private Wealth LLC purchased a new stake in shares of BlackRock Enhanced International Dividend Trust during the 4th quarter worth $66,000.

BlackRock Enhanced International Dividend Trust Company Profile

BlackRock Enhanced International Dividend Trust (NYSE: BGY) is a closed-end management investment company led by BlackRock Fund Advisors. The trust seeks to provide high current income and the potential for capital appreciation by investing primarily in equity securities of non-U.S. companies. It employs an enhanced dividend strategy, combining a focus on stocks that offer attractive dividend yields with derivative overlays such as covered call writing and foreign currency hedging to help manage risk and generate additional income.

The fund’s portfolio is diversified across developed international markets, including Europe, Asia-Pacific and other regions outside the United States.