Short Interest in BlackRock Enhanced Government Fund, Inc. (NYSE:EGF) Grows By 116.7%

BlackRock Enhanced Government Fund, Inc. (NYSE:EGF) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 2,600 shares, an increase of 116.7% from the December 31st total of 1,200 shares. Based on an average trading volume of 2,600 shares, the days-to-cover ratio is presently 1.0 days.

BlackRock Enhanced Government Fund Stock Down 0.9 %

EGF stock traded down $0.09 during midday trading on Wednesday, hitting $9.79. The stock had a trading volume of 768 shares, compared to its average volume of 1,786. BlackRock Enhanced Government Fund has a 12-month low of $9.05 and a 12-month high of $11.51. The company’s 50-day moving average price is $9.85 and its 200 day moving average price is $9.85.

BlackRock Enhanced Government Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a $0.041 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $0.49 annualized dividend and a yield of 5.03%.

Hedge Funds Weigh In On BlackRock Enhanced Government Fund

A hedge fund recently bought a new stake in BlackRock Enhanced Government Fund stock. Transform Wealth LLC acquired a new position in shares of BlackRock Enhanced Government Fund, Inc. (NYSE:EGF) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 10,657 shares of the company’s stock, valued at approximately $103,000.

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.