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

BlackRock Enhanced Government Fund, Inc. (NYSE:EGF) was the target of 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 days-to-cover ratio is currently 1.8 days.

BlackRock Enhanced Government Fund Stock Up 3.7 %

Shares of NYSE:EGF traded up $0.38 on Monday, hitting $10.52. The stock had a trading volume of 105 shares, compared to its average volume of 6,147. The firm’s 50 day moving average price is $9.93 and its 200-day moving average price is $9.66. BlackRock Enhanced Government Fund has a twelve month low of $9.05 and a twelve month high of $11.51.

BlackRock Enhanced Government Fund Announces Dividend

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 issued a $0.041 dividend. This represents a $0.49 annualized dividend and a dividend yield of 4.68%. The ex-dividend date of this dividend is Friday, November 15th.

Institutional Investors Weigh In On BlackRock Enhanced Government Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Melfa Wealth Management Inc. boosted its stake in 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 worth $166,000 after purchasing an additional 6,066 shares during the period. Wolverine Asset Management LLC lifted its holdings in shares of 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 purchasing an additional 7,027 shares in the last quarter. Finally, Fiera Capital Corp boosted its position 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 during the period.

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.