BOE Stock Summary and Trading Ideas (Blackrock Enhanced Global Dividend Trust Common Shares Of Beneficial Interest | NYSE:BOE)

BlackRock Global Opportunities Equity Trust’s (BOE) (the “Trust”) primary investment objective is to provide current income and current gains, with a secondary investment objective of long-term capital appreciation. The Trust seeks to achieve its investment objectives by investing primarily in equity securities issued by companies 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 or options on equity securities or indices or sectors of equity securities. Under normal circumstances, the Trust invests a substantial amount of its total assets in foreign issuers, issuers that primarily trade in a market located outside the United States or issuers that do a substantial amount of business outside the United States. The Trust may invest directly in such securities or synthetically through the use of derivatives.

Blackrock Enhanced Global Dividend Trust Common Shares Of Beneficial Interest trades on the NYSE stock market under the symbol BOE.

As of April 30, 2024, BOE stock price declined to $10.06 with 187,244 million shares trading.

BOE has a beta of 0.90, meaning it tends to be less sensitive to market movements. BOE has a correlation of 0.69 to the broad based SPY ETF.

BOE has a market cap of $618.95 million. This is considered a Small Cap stock.

In the last 3 years, BOE stock traded as high as $12.82 and as low as $8.52.

BOE has underperformed the market in the last year with a return of +5.6%, while the SPY ETF gained +22.3%. In the last 3 month period, BOE fell short of the market, returning +1.9%, while SPY returned +2.6%. However, in the most recent 2 weeks BOE has outperformed the stock market by returning +2.3%, while SPY returned -0.3%.

BOE support price is $10.03 and resistance is $10.19 (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 BOE stock will trade within this expected range on the day.