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

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

Institutional Trading of BlackRock Enhanced Government Fund

A hedge fund recently raised its stake in BlackRock Enhanced Government Fund stock. Fiera Capital Corp increased its position in BlackRock Enhanced Government Fund, Inc. (NYSE:EGF) by 3.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 118,486 shares of the company’s stock after buying an additional 4,090 shares during the quarter. Fiera Capital Corp’s holdings in BlackRock Enhanced Government Fund were worth $1,185,000 at the end of the most recent reporting period.

BlackRock Enhanced Government Fund Stock Performance

Shares of EGF traded down $0.21 during mid-day trading on Tuesday, reaching $9.53. 3,427 shares of the company’s stock traded hands, compared to its average volume of 2,590. The business’s 50-day moving average price is $9.88 and its 200-day moving average price is $9.83. BlackRock Enhanced Government Fund has a 12 month low of $9.05 and a 12 month high of $11.51.

BlackRock Enhanced Government Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a $0.041 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $0.49 dividend on an annualized basis and a yield of 5.16%.

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.