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

BlackRock Enhanced Government Fund, Inc. (NYSE:EGF) was the recipient 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 daily trading volume, of 2,200 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On BlackRock Enhanced Government Fund

A number of institutional investors and hedge funds have recently modified their holdings of EGF. Fiera Capital Corp raised its holdings in shares of BlackRock Enhanced Government Fund by 3.6% in the 3rd quarter. Fiera Capital Corp now owns 118,486 shares of the company’s stock valued at $1,185,000 after purchasing an additional 4,090 shares during the period. Transform Wealth LLC bought a new position in BlackRock Enhanced Government Fund in the 4th quarter valued at about $103,000. Finally, Private Advisor Group LLC bought a new position in BlackRock Enhanced Government Fund in the 4th quarter valued at about $575,000.

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 $9.76 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 Dividend Announcement

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

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.