BGY Stock Summary and Trading Ideas (Enhanced Intl Dividend Trust | NYSE:BGY)

BlackRock International Growth and Income Trust’s (BGY) (the “Trust”) primary investment objective is to provide current income and current gains, with a secondary objective of long-term capital appreciation. The Trust seeks to achieve its investment objectives by investing primarily in equity securities issued by companies of any market capitalization located in countries throughout the world and utilizing an option writing (selling) strategy to seek total return performance and enhance distributions. The Trust invests, under normal market conditions, at least 80% of its assets in equity securities issued by non-U.S. companies of any market capitalization located in countries throughout the world. The Trust may invest directly in such securities or synthetically through the use of derivatives.

Enhanced Intl Dividend Trust trades on the NYSE stock market under the symbol BGY.

As of April 18, 2024, BGY stock price was flat at $5.15 with 173,773 million shares trading.

BGY has a beta of 0.96, meaning it tends to be less sensitive to market movements. BGY has a correlation of 0.61 to the broad based SPY ETF.

BGY has a market cap of $516.40 million. This is considered a Small Cap stock.

In the last 3 years, BGY stock traded as high as $6.70 and as low as $4.28.

BGY has underperformed the market in the last year with a price return of +1.4% while the SPY ETF gained +22.2%. BGY has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +0.2% and -3.5%, respectively, while the SPY returned +5.2% and -2.6%, respectively.

BGY support price is $5.10 and resistance is $5.20 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BGY stock will trade within this expected range on the day.