AGNC Investment Corp. (NASDAQ:AGNCL) Sees Significant Drop in Short Interest

AGNC Investment Corp. (NASDAQ:AGNCL) was the target of a significant decline in short interest in October. As of October 30th, there was short interest totaling 4,221 shares, a decline of 77.9% from the October 15th total of 19,062 shares. Based on an average trading volume of 27,245 shares, the days-to-cover ratio is presently 0.2 days.

AGNC Investment Stock Performance

Shares of NASDAQ:AGNCL opened at $24.68 on Thursday. AGNC Investment has a 1-year low of $23.61 and a 1-year high of $25.64. The business has a fifty day moving average price of $24.81 and a 200-day moving average price of $24.92.

AGNC Investment Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Thursday, October 1st were given a dividend of $0.4844 per share. This represents a $1.94 annualized dividend and a yield of 7.9%. The ex-dividend date of this dividend was Thursday, October 1st.

About AGNC Investment

AGNC Investment Corp. is a real estate investment trust focused primarily on agency residential mortgage-backed securities. These securities are backed by U.S. government agencies or government-sponsored enterprises, including Fannie Mae, Freddie Mac and Ginnie Mae. The company finances its investments through borrowing and uses hedging strategies to manage risks such as changes in interest rates and mortgage prepayments. Its business is centered on the U.S. residential mortgage market. Founded in 2008, AGNC is based in Bethesda, Maryland.