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

BlackRock Enhanced Global Dividend Trust (NYSE:BOE) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 88,461 shares, a decline of 40.8% from the August 31st total of 149,399 shares. Based on an average trading volume of 112,010 shares, the days-to-cover ratio is currently 0.8 days.

BlackRock Enhanced Global Dividend Trust Price Performance

NYSE:BOE opened at $11.78 on Wednesday. The business’s 50-day moving average is $12.24 and its two-hundred day moving average is $11.89. BlackRock Enhanced Global Dividend Trust has a 12 month low of $10.59 and a 12 month high of $12.58.

BlackRock Enhanced Global Dividend Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be given a dividend of $0.0827 per share. The ex-dividend date of this dividend is Friday, December 11th. This represents a $0.99 annualized dividend and a yield of 8.4%.

Institutional Trading of BlackRock Enhanced Global Dividend Trust

A number of hedge funds have recently made changes to their positions in the company. Bank of America Corp DE acquired a new stake in BlackRock Enhanced Global Dividend Trust during the 2nd quarter valued at approximately $2,396,000. Evolve Private Wealth LLC purchased a new stake in BlackRock Enhanced Global Dividend Trust during the 2nd quarter worth approximately $1,180,000. Allspring Global Investments Holdings LLC raised its position in shares of BlackRock Enhanced Global Dividend Trust by 23.6% in the 1st 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 in the last quarter. Fifth Third Bancorp acquired a new position in shares of BlackRock Enhanced Global Dividend Trust in the 1st quarter valued at approximately $680,000. Finally, Closed End Fund Advisors Inc. purchased a new position in shares of BlackRock Enhanced Global Dividend Trust during the 4th quarter valued at approximately $595,000.

About BlackRock Enhanced Global Dividend Trust

BlackRock Enhanced Global Dividend Trust (NYSE: BOE) is a closed-end investment company managed by BlackRock Advisors, LLC. The fund seeks to provide current income and long-term total return by investing primarily in dividend-paying equity securities issued by companies around the world.

The fund’s portfolio may include common stocks and other equity investments across developed and emerging markets, giving shareholders exposure to a range of industries and geographic regions. Its investment approach emphasizes companies with the potential to generate dividend income and capital appreciation.

To support its income-oriented strategy, BlackRock Enhanced Global Dividend Trust may write covered call options on a portion of its equity holdings.