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 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.

BlackRock Enhanced Government Fund Price Performance

Shares of NYSE:EGF traded down $0.21 on Tuesday, reaching $9.53. 3,427 shares of the company traded hands, compared to its average volume of 2,590. The company’s 50 day moving average is $9.88 and its 200-day moving average is $9.83. BlackRock Enhanced Government Fund has a fifty-two week low of $9.05 and a fifty-two week 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. Stockholders of record on Wednesday, January 15th will be issued a dividend of $0.041 per share. This represents a $0.49 annualized dividend and a dividend yield of 5.16%. The ex-dividend date of this dividend is Wednesday, January 15th.

Hedge Funds Weigh In On BlackRock Enhanced Government Fund

An institutional investor recently raised its position in BlackRock Enhanced Government Fund stock. Fiera Capital Corp grew its holdings in BlackRock Enhanced Government Fund, Inc. (NYSE:EGF) by 3.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,486 shares of the company’s stock after purchasing an additional 4,090 shares during the period. Fiera Capital Corp’s holdings in BlackRock Enhanced Government Fund were worth $1,185,000 as of its most recent SEC filing.

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.