Short Interest in BlackRock Enhanced Government Fund, Inc. (NYSE:EGF) Grows By 16.7%

BlackRock Enhanced Government Fund, Inc. (NYSE:EGF) was the target of a significant increase in short interest in January. As of January 31st, there was short interest totalling 1,400 shares, an increase of 16.7% from the January 15th total of 1,200 shares. Based on an average daily volume of 2,200 shares, the days-to-cover ratio is currently 0.6 days.

BlackRock Enhanced Government Fund Trading Up 0.1 %

NYSE:EGF traded up $0.01 on Monday, hitting $9.64. 2,139 shares of the company’s stock were exchanged, compared to its average volume of 1,868. The firm has a 50-day moving average price of $9.77 and a 200-day moving average price of $9.86. BlackRock Enhanced Government Fund has a 52 week low of $9.05 and a 52 week high of $11.51.

BlackRock Enhanced Government Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.041 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.49 annualized dividend and a dividend yield of 5.11%.

Hedge Funds Weigh In On BlackRock Enhanced Government Fund

A number of institutional investors have recently added to or reduced their stakes in the company. Fiera Capital Corp lifted its position in shares of BlackRock Enhanced Government Fund by 3.6% in the third quarter. Fiera Capital Corp now owns 118,486 shares of the company’s stock valued at $1,185,000 after buying an additional 4,090 shares during the last quarter. Transform Wealth LLC bought a new stake in BlackRock Enhanced Government Fund in the 4th quarter valued at $103,000. Finally, Private Advisor Group LLC acquired a new stake in BlackRock Enhanced Government Fund during the 4th quarter valued at $575,000.

BlackRock Enhanced Government Fund Company Profile

BlackRock Enhanced Government Fund, Inc is a closed-ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It primarily invests in a portfolio of United States government and government agency securities, including the U.S.