BlackRock Enhanced Government Fund, Inc. (NYSE:EGF) Short Interest Update

BlackRock Enhanced Government Fund, Inc. (NYSE:EGF) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 28,400 shares, an increase of 184.0% from the August 15th total of 10,000 shares. Based on an average daily trading volume, of 6,100 shares, the days-to-cover ratio is currently 4.7 days.

BlackRock Enhanced Government Fund Stock Performance

NYSE EGF traded down $0.13 during trading hours on Friday, reaching $10.02. The company’s stock had a trading volume of 1,228 shares, compared to its average volume of 6,968. The business has a 50-day simple moving average of $9.74 and a 200 day simple moving average of $9.47. BlackRock Enhanced Government Fund has a 52 week low of $9.02 and a 52 week high of $11.51.

BlackRock Enhanced Government Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a dividend of $0.041 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.49 dividend on an annualized basis and a yield of 4.91%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Accuvest Global Advisors acquired a new position in BlackRock Enhanced Government Fund during the 4th quarter valued at about $114,000. Melfa Wealth Management Inc. grew its holdings 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 buying an additional 6,066 shares in the last quarter. Finally, Wolverine Asset Management LLC increased its position in BlackRock Enhanced Government Fund by 42.3% in the 2nd quarter. Wolverine Asset Management LLC now owns 23,624 shares of the company’s stock valued at $221,000 after acquiring an additional 7,027 shares during the period.

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.