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

Posted by Jeanne O'Marion on Jan 31st, 2025

BlackRock Enhanced Government Fund, Inc. (NYSE:EGF – Get Free Report) was the recipient of a significant increase in short interest in 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 short-interest ratio is presently 1.0 days.

BlackRock Enhanced Government Fund Stock Performance

Shares of EGF traded up $0.08 during mid-day trading on Friday, hitting $9.73. The company’s stock had a trading volume of 343 shares, compared to its average volume of 1,634. BlackRock Enhanced Government Fund has a fifty-two week low of $9.05 and a fifty-two week high of $11.51. The firm has a 50-day moving average price of $9.85 and a 200 day moving average price of $9.85.

BlackRock Enhanced Government Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be issued a $0.041 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.49 annualized dividend and a dividend yield of 5.06%.

Institutional Investors Weigh In On BlackRock Enhanced Government Fund

A hedge fund recently bought a new stake in BlackRock Enhanced Government Fund stock. Transform Wealth LLC bought a new position in BlackRock Enhanced Government Fund, Inc. (NYSE:EGF – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,657 shares of the company’s stock, valued at approximately $103,000.

BlackRock Enhanced Government Fund Company Profile

(Get Free Report)

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.