BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Sees Large Drop in Short Interest

Posted by ABMN Staff on Dec 30th, 2024

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ – Get Free Report) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 52,000 shares, a decrease of 34.4% from the November 30th total of 79,300 shares. Based on an average daily volume of 468,000 shares, the short-interest ratio is presently 0.1 days.

BlackRock Enhanced Equity Dividend Trust Stock Performance

BDJ stock opened at $8.38 on Monday. BlackRock Enhanced Equity Dividend Trust has a twelve month low of $7.65 and a twelve month high of $9.07. The business has a 50 day moving average price of $8.72 and a two-hundred day moving average price of $8.50.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 16th were issued a $0.0619 dividend. This represents a $0.74 annualized dividend and a dividend yield of 8.86%. The ex-dividend date of this dividend was Monday, December 16th. This is an increase from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.05.

Hedge Funds Weigh In On BlackRock Enhanced Equity Dividend Trust

Institutional investors have recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. acquired a new stake in BlackRock Enhanced Equity Dividend Trust in the third quarter valued at $43,000. JPMorgan Chase & Co. raised its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 1,203.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,539 shares of the investment management company’s stock valued at $48,000 after purchasing an additional 5,114 shares during the period. Kapstone Financial Advisors LLC acquired a new stake in BlackRock Enhanced Equity Dividend Trust in the 2nd quarter valued at about $89,000. Arete Wealth Advisors LLC bought a new position in BlackRock Enhanced Equity Dividend Trust during the third quarter worth about $98,000. Finally, Icon Wealth Advisors LLC acquired a new position in BlackRock Enhanced Equity Dividend Trust during the third quarter worth approximately $118,000.

BlackRock Enhanced Equity Dividend Trust Company Profile

(Get Free Report)

BlackRock Enhanced Equity Dividend Trust is a closed-ended equity mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in dividend paying stocks of companies across all market capitalizations.