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

BlackRock Enhanced Global Dividend Trust (NYSE:BOE) saw a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 45,400 shares, a drop of 60.6% from the January 31st total of 115,300 shares. Based on an average daily volume of 154,100 shares, the short-interest ratio is currently 0.3 days.

BlackRock Enhanced Global Dividend Trust Trading Up 0.4 %

Shares of NYSE BOE traded up $0.05 during trading on Friday, reaching $11.27. 129,039 shares of the stock were exchanged, compared to its average volume of 154,405. The business’s 50-day moving average price is $11.15 and its 200 day moving average price is $11.16. BlackRock Enhanced Global Dividend Trust has a twelve month low of $9.83 and a twelve month high of $11.47.

BlackRock Enhanced Global Dividend Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.0827 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.99 dividend on an annualized basis and a yield of 8.81%.

Institutional Trading of BlackRock Enhanced Global Dividend Trust

A number of hedge funds and other institutional investors have recently modified their holdings of BOE. HighTower Advisors LLC acquired a new stake in BlackRock Enhanced Global Dividend Trust during the 3rd quarter valued at approximately $314,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of BlackRock Enhanced Global Dividend Trust during the third quarter worth approximately $143,000. International Assets Investment Management LLC bought a new stake in shares of BlackRock Enhanced Global Dividend Trust in the third quarter worth $7,860,000. Raymond James & Associates raised its holdings in BlackRock Enhanced Global Dividend Trust by 0.4% in the third quarter. Raymond James & Associates now owns 501,473 shares of the financial services provider’s stock valued at $5,647,000 after acquiring an additional 1,844 shares in the last quarter. Finally, Private Advisor Group LLC boosted its stake in BlackRock Enhanced Global Dividend Trust by 22.5% during the 4th quarter. Private Advisor Group LLC now owns 95,651 shares of the financial services provider’s stock valued at $1,030,000 after acquiring an additional 17,585 shares during the last quarter.

BlackRock Enhanced Global Dividend Trust Company Profile

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.