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 large growth in short interest in January. As of January 31st, there was short interest totalling 1,400 shares, a growth of 16.7% from the January 15th total of 1,200 shares. Based on an average trading volume of 2,200 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On BlackRock Enhanced Government Fund

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

BlackRock Enhanced Government Fund Stock Performance

Shares of NYSE EGF traded up $0.01 during trading hours on Monday, hitting $9.64. 2,139 shares of the stock were exchanged, compared to its average volume of 1,868. The company’s fifty day simple moving average is $9.76 and its two-hundred day simple moving average is $9.86. BlackRock Enhanced Government Fund has a 1-year low of $9.05 and a 1-year high of $11.51.

BlackRock Enhanced Government Fund Dividend Announcement

The business also recently disclosed 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. This represents a $0.49 annualized dividend and a yield of 5.11%. The ex-dividend date is Friday, February 14th.

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.