AGNC Investment Corp. (NASDAQ:AGNCO – Get Free Report) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 40,996 shares, an increase of 286.0% from the September 30th total of 10,621 shares. Based on an average daily volume of 59,942 shares, the short-interest ratio is presently 0.7 days.
AGNC Investment Stock Performance
NASDAQ:AGNCO traded up $0.08 during mid-day trading on Thursday, hitting $24.95. 47,516 shares of the stock were exchanged, compared to its average volume of 32,415. The firm’s 50-day simple moving average is $25.41 and its 200 day simple moving average is $25.40. AGNC Investment has a fifty-two week low of $24.39 and a fifty-two week high of $25.74.
AGNC Investment Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st were issued a dividend of $0.5780 per share. This is an increase from AGNC Investment’s previous quarterly dividend of $0.5646. This represents a $2.31 dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date of this dividend was Thursday, October 1st.
About AGNC Investment
AGNC Investment Corp. is an internally managed real estate investment trust (REIT) that invests primarily in residential mortgage-backed securities (MBS) backed by the U.S. government, Fannie Mae, Freddie Mac or Ginnie Mae. Its portfolio generally includes agency mortgage pass-through securities and collateralized mortgage obligations.
The company seeks to generate income through the spread between the interest earned on its investments and the cost of financing those investments. AGNC uses repurchase agreements and other financing arrangements, along with hedging strategies, to manage interest-rate and market risks associated with its mortgage investments.
Founded in 2008, AGNC Investment is headquartered in Bethesda, Maryland, and operates in the U.S.
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