BlackRock Enhanced Global Dividend Trust (NYSE:BOE) Short Interest Update

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BlackRock Enhanced Global Dividend Trust (NYSE:BOE) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 29,200 shares, an increase of 19.2% from the August 31st total of 24,500 shares. Based on an average trading volume of 140,600 shares, the days-to-cover ratio is presently 0.2 days.

A number of institutional investors have recently made changes to their positions in the business. Morgan Stanley grew its stake in BlackRock Enhanced Global Dividend Trust by 6.7% during the first quarter. Morgan Stanley now owns 4,227,583 shares of the financial services provider’s stock worth $35,047,000 after buying an additional 263,901 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in BlackRock Enhanced Global Dividend Trust by 8.2% during the first quarter. Parametric Portfolio Associates LLC now owns 1,842,387 shares of the financial services provider’s stock worth $15,273,000 after buying an additional 139,247 shares in the last quarter. Karpus Management Inc. grew its stake in BlackRock Enhanced Global Dividend Trust by 183.9% during the first quarter. Karpus Management Inc. now owns 1,765,756 shares of the financial services provider’s stock worth $14,638,000 after buying an additional 1,143,829 shares in the last quarter. Guggenheim Capital LLC grew its stake in BlackRock Enhanced Global Dividend Trust by 6.5% during the first quarter. Guggenheim Capital LLC now owns 700,619 shares of the financial services provider’s stock worth $5,809,000 after buying an additional 42,486 shares in the last quarter. Finally, 1832 Asset Management L.P. grew its stake in BlackRock Enhanced Global Dividend Trust by 1.2% during the first quarter. 1832 Asset Management L.P. now owns 379,353 shares of the financial services provider’s stock worth $3,205,000 after buying an additional 4,507 shares in the last quarter.

NYSE:BOE traded up $0.03 during mid-day trading on Friday, reaching $9.68. 126,753 shares of the company’s stock were exchanged, compared to its average volume of 203,860. BlackRock Enhanced Global Dividend Trust has a one year low of $6.85 and a one year high of $11.25. The business’s fifty day simple moving average is $9.74 and its two-hundred day simple moving average is $9.27.

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be paid a dividend of $0.063 per share. The ex-dividend date of this dividend is Wednesday, October 14th. This represents a $0.76 dividend on an annualized basis and a yield of 7.81%.

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.

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