AGNC Investment Corp. (NASDAQ:AGNCO) Short Interest Down 94.3% in July

AGNC Investment Corp. (NASDAQ:AGNCO) was the target of a large drop in short interest in July. As of July 15th, there was short interest totaling 5,507 shares, a drop of 94.3% from the June 30th total of 95,793 shares. Based on an average trading volume of 31,600 shares, the days-to-cover ratio is presently 0.2 days.

AGNC Investment Stock Performance

AGNCO traded down $0.02 during midday trading on Friday, reaching $25.40. 9,040 shares of the company were exchanged, compared to its average volume of 30,058. The company’s fifty day moving average price is $25.46 and its 200 day moving average price is $25.36. AGNC Investment has a one year low of $24.39 and a one year high of $25.75.

AGNC Investment Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were given a dividend of $0.5646 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This is a positive change from AGNC Investment’s previous quarterly dividend of $0.56. This represents a $2.26 annualized dividend and a dividend yield of 8.9%.

About AGNC Investment

AGNC Investment Corp is a real estate investment trust (REIT) that specializes in the acquisition and management of residential mortgage-backed securities (RMBS) issued or guaranteed by U.S. government-sponsored enterprises. The company seeks to generate attractive risk-adjusted returns through a combination of net interest income and strategic portfolio financing. Its focus on agency RMBS aims to offer investors regular dividend income underpinned by the credit support provided by federal agencies.

The firm’s investment strategy centers on the purchase of mortgage-related assets, including securities guaranteed by the Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC).