BlackRock Enhanced Government Fund, Inc. (NYSE:EGF) Sees Large Decrease in Short Interest

BlackRock Enhanced Government Fund, Inc. (NYSE:EGF) saw a large decline in short interest in October. As of October 31st, there was short interest totalling 9,000 shares, a decline of 15.9% from the October 15th total of 10,700 shares. Based on an average daily trading volume, of 4,900 shares, the short-interest ratio is currently 1.8 days.

BlackRock Enhanced Government Fund Price Performance

NYSE:EGF remained flat at $10.10 during trading hours on Friday. The company had a trading volume of 63 shares, compared to its average volume of 6,176. BlackRock Enhanced Government Fund has a fifty-two week low of $9.05 and a fifty-two week high of $11.51. The stock has a fifty day simple moving average of $9.93 and a two-hundred day simple moving average of $9.65.

BlackRock Enhanced Government Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a $0.041 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.49 dividend on an annualized basis and a dividend yield of 4.87%.

Hedge Funds Weigh In On BlackRock Enhanced Government Fund

A number of institutional investors have recently added to or reduced their stakes in EGF. Wolverine Asset Management LLC boosted its position in BlackRock Enhanced Government Fund by 42.3% in the second quarter. Wolverine Asset Management LLC now owns 23,624 shares of the company’s stock valued at $221,000 after buying an additional 7,027 shares in the last quarter. Fiera Capital Corp increased its holdings 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 worth $1,185,000 after buying an additional 4,090 shares in the last quarter. Finally, Melfa Wealth Management Inc. lifted its stake in shares of BlackRock Enhanced Government Fund by 51.6% in the 2nd quarter. Melfa Wealth Management Inc. now owns 17,822 shares of the company’s stock valued at $166,000 after acquiring an additional 6,066 shares during the last quarter.

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.