BlackRock Enhanced International Dividend Trust (NYSE:BGY) Sees Significant Growth in Short Interest

BlackRock Enhanced International Dividend Trust (NYSE:BGY) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 297,200 shares, a growth of 29.7% from the February 28th total of 229,100 shares. Based on an average trading volume of 319,200 shares, the days-to-cover ratio is presently 0.9 days.

BlackRock Enhanced International Dividend Trust Stock Performance

BGY stock traded up $0.03 during mid-day trading on Tuesday, hitting $5.64. The stock had a trading volume of 181,772 shares, compared to its average volume of 238,460. The company has a fifty day moving average of $5.60 and a 200 day moving average of $5.56. BlackRock Enhanced International Dividend Trust has a 1-year low of $5.13 and a 1-year high of $5.90.

BlackRock Enhanced International Dividend Trust Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.0426 per share. This represents a $0.51 dividend on an annualized basis and a yield of 9.07%. The ex-dividend date of this dividend was Friday, March 14th.

Hedge Funds Weigh In On BlackRock Enhanced International Dividend Trust

A number of hedge funds have recently made changes to their positions in BGY. Elequin Capital LP bought a new stake in BlackRock Enhanced International Dividend Trust during the 4th quarter worth approximately $53,000. Soltis Investment Advisors LLC acquired a new position in shares of BlackRock Enhanced International Dividend Trust during the 4th quarter worth about $67,000. Jane Street Group LLC bought a new position in shares of BlackRock Enhanced International Dividend Trust during the fourth quarter worth $68,000. Walleye Capital LLC acquired a new position in BlackRock Enhanced International Dividend Trust in the third quarter valued at about $107,000. Finally, World Investment Advisors LLC acquired a new position in shares of BlackRock Enhanced International Dividend Trust in the 3rd quarter valued at approximately $197,000.

BlackRock Enhanced International Dividend Trust Company Profile

BlackRock Enhanced International 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 excluding the United States. The fund seeks to invest in stocks of companies operating across diversified sectors.