Short Interest in BlackRock Enhanced International Dividend Trust (NYSE:BGY) Grows By 172.6%

BlackRock Enhanced International Dividend Trust (NYSE:BGY) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 100,600 shares, an increase of 172.6% from the July 15th total of 36,900 shares. Based on an average trading volume of 179,400 shares, the days-to-cover ratio is presently 0.6 days.

BlackRock Enhanced International Dividend Trust Price Performance

Shares of BGY traded up $0.04 during mid-day trading on Thursday, hitting $5.63. The company’s stock had a trading volume of 67,909 shares, compared to its average volume of 190,357. The company’s 50-day moving average is $5.54 and its 200-day moving average is $5.44. BlackRock Enhanced International Dividend Trust has a 52-week low of $4.68 and a 52-week high of $5.70.

BlackRock Enhanced International Dividend Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.034 per share. The ex-dividend date is Thursday, August 15th. This represents a $0.41 dividend on an annualized basis and a yield of 7.25%. This is a positive change from BlackRock Enhanced International Dividend Trust’s previous monthly dividend of $0.03.

Institutional Trading of BlackRock Enhanced International Dividend Trust

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Shaker Financial Services LLC grew its stake in BlackRock Enhanced International Dividend Trust by 70.1% in the fourth quarter. Shaker Financial Services LLC now owns 197,370 shares of the investment management company’s stock valued at $1,040,000 after purchasing an additional 81,315 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of BlackRock Enhanced International Dividend Trust by 10.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 135,245 shares of the investment management company’s stock worth $713,000 after buying an additional 13,175 shares during the last quarter. Hartline Investment Corp bought a new position in shares of BlackRock Enhanced International Dividend Trust during the 1st quarter worth approximately $97,000. Cornerstone Advisors LLC lifted its position in BlackRock Enhanced International Dividend Trust by 222.9% during the fourth quarter. Cornerstone Advisors LLC now owns 272,523 shares of the investment management company’s stock valued at $1,436,000 after acquiring an additional 188,115 shares during the last quarter. Finally, Weiss Asset Management LP acquired a new stake in BlackRock Enhanced International Dividend Trust in the fourth quarter valued at approximately $92,000.

About BlackRock Enhanced International Dividend Trust

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.