BlackRock Enhanced Global Dividend Trust (NYSE:BOE) Short Interest Down 40.6% in March

BlackRock Enhanced Global Dividend Trust (NYSE:BOE) saw a significant drop in short interest in March. As of March 15th, there was short interest totalling 63,200 shares, a drop of 40.6% from the February 28th total of 106,400 shares. Based on an average trading volume of 149,800 shares, the short-interest ratio is currently 0.4 days.

BlackRock Enhanced Global Dividend Trust Trading Down 0.4 %

NYSE BOE traded down $0.05 during trading hours on Friday, hitting $10.85. 206,627 shares of the company were exchanged, compared to its average volume of 154,872. BlackRock Enhanced Global Dividend Trust has a 52 week low of $9.83 and a 52 week high of $11.47. The stock has a 50-day moving average price of $11.17 and a 200 day moving average price of $11.16.

BlackRock Enhanced Global Dividend Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.0827 per share. This represents a $0.99 dividend on an annualized basis and a yield of 9.15%. The ex-dividend date of this dividend is Friday, March 14th.

Institutional Trading of BlackRock Enhanced Global Dividend Trust

Several institutional investors have recently added to or reduced their stakes in BOE. HighTower Advisors LLC purchased a new stake in shares of BlackRock Enhanced Global Dividend Trust in the third quarter worth approximately $314,000. Oppenheimer & Co. Inc. grew its position in BlackRock Enhanced Global Dividend Trust by 15.1% in the 4th quarter. Oppenheimer & Co. Inc. now owns 22,712 shares of the financial services provider’s stock valued at $245,000 after acquiring an additional 2,979 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in BlackRock Enhanced Global Dividend Trust in the fourth quarter worth $6,140,000. Private Advisor Group LLC lifted its position in shares of BlackRock Enhanced Global Dividend Trust by 22.5% during the fourth quarter. Private Advisor Group LLC now owns 95,651 shares of the financial services provider’s stock worth $1,030,000 after purchasing an additional 17,585 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in shares of BlackRock Enhanced Global Dividend Trust by 25.9% during the fourth quarter. Advisors Asset Management Inc. now owns 617,376 shares of the financial services provider’s stock valued at $6,649,000 after purchasing an additional 126,963 shares during the period.

About BlackRock Enhanced Global Dividend Trust

BlackRock Enhanced Global Dividend Trust is a closed ended equity mutual fund launched by BlackRock, Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock International Limited. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors.