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

BlackRock Enhanced Government Fund, Inc. (NYSE:EGF) saw a significant decline in short interest during the month of 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 trading volume of 4,900 shares, the days-to-cover ratio is currently 1.8 days.

Institutional Trading of BlackRock Enhanced Government Fund

A number of large investors have recently made changes to their positions in EGF. Melfa Wealth Management Inc. increased its position in shares of BlackRock Enhanced Government Fund by 51.6% during the second quarter. Melfa Wealth Management Inc. now owns 17,822 shares of the company’s stock worth $166,000 after acquiring an additional 6,066 shares during the last quarter. Wolverine Asset Management LLC raised its position in 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 worth $221,000 after acquiring an additional 7,027 shares in the last quarter. Finally, Fiera Capital Corp grew its position in BlackRock Enhanced Government Fund by 3.6% during the 3rd quarter. Fiera Capital Corp now owns 118,486 shares of the company’s stock worth $1,185,000 after purchasing an additional 4,090 shares in the last quarter.

BlackRock Enhanced Government Fund Price Performance

NYSE:EGF traded up $0.38 during midday trading on Monday, hitting $10.52. 105 shares of the company were exchanged, compared to its average volume of 6,147. The company has a fifty day simple moving average of $9.93 and a 200 day simple moving average of $9.66. 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 Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $0.041 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.49 annualized dividend and a dividend yield of 4.68%.

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.