Short Interest in BlackRock Enhanced Government Fund, Inc. (NYSE:EGF) Grows By 20.0%

BlackRock Enhanced Government Fund, Inc. (NYSE:EGF) saw a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 2,400 shares, a growth of 20.0% from the February 13th total of 2,000 shares. Based on an average daily volume of 2,400 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Trading of BlackRock Enhanced Government Fund

An institutional investor recently bought a new position in BlackRock Enhanced Government Fund stock. Transform Wealth LLC purchased a new stake in shares of BlackRock Enhanced Government Fund, Inc. (NYSE:EGF) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,657 shares of the company’s stock, valued at approximately $103,000.

BlackRock Enhanced Government Fund Stock Performance

BlackRock Enhanced Government Fund stock traded up $0.05 on Thursday, hitting $9.75. 6,250 shares of the stock traded hands, compared to its average volume of 4,086. BlackRock Enhanced Government Fund has a 1 year low of $9.05 and a 1 year high of $11.51. The business’s fifty day simple moving average is $9.71 and its 200 day simple moving average is $9.85.

BlackRock Enhanced Government Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.041 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.49 annualized dividend and a yield of 5.05%.

About BlackRock Enhanced Government Fund

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.