Short Interest in BlackRock Enhanced Government Fund, Inc. (NYSE:EGF) Grows By 20.0%

BlackRock Enhanced Government Fund, Inc. (NYSE:EGF) was the recipient of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 2,400 shares, an increase of 20.0% from the February 13th total of 2,000 shares. Based on an average trading volume of 2,400 shares, the short-interest ratio is presently 1.0 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in BlackRock Enhanced Government Fund stock. Transform Wealth LLC acquired a new stake in shares of BlackRock Enhanced Government Fund, Inc. (NYSE:EGF) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 10,657 shares of the company’s stock, valued at approximately $103,000.

BlackRock Enhanced Government Fund Stock Performance

NYSE:EGF traded up $0.05 during mid-day trading on Thursday, hitting $9.75. 6,250 shares of the company traded hands, compared to its average volume of 4,086. The stock’s fifty day moving average price is $9.71 and its 200-day moving average price is $9.85. BlackRock Enhanced Government Fund has a one year low of $9.05 and a one year high of $11.51.

BlackRock Enhanced Government Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.041 per share. The ex-dividend date is Friday, March 14th. This represents a $0.49 dividend on an annualized basis and a dividend yield of 5.05%.

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.