Short Interest in AGNC Investment Corp. (NASDAQ:AGNCM) Drops By 58.6%

AGNC Investment Corp. (NASDAQ:AGNCM) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 3,239 shares, a decrease of 58.6% from the August 15th total of 7,818 shares. Based on an average daily trading volume, of 11,583 shares, the short-interest ratio is presently 0.3 days.

AGNC Investment Price Performance

NASDAQ:AGNCM traded down $0.05 on Tuesday, reaching $25.36. 10,438 shares of the company’s stock traded hands, compared to its average volume of 17,016. The stock has a 50-day simple moving average of $25.13 and a 200-day simple moving average of $24.92. AGNC Investment has a 12 month low of $23.63 and a 12 month high of $25.54.

AGNC Investment Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, October 1st will be paid a dividend of $0.5358 per share. This is a boost from AGNC Investment’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $2.14 annualized dividend and a yield of 8.5%.

AGNC Investment Company Profile

AGNC Investment Corp is a real estate investment trust that primarily invests in residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises, such as Fannie Mae, Freddie Mac and Ginnie Mae. The company seeks to generate attractive risk-adjusted returns for its shareholders by acquiring agency mortgage assets and funding them with a combination of short-term repurchase agreements and longer-term debt instruments.

To manage interest rate and prepayment risk, AGNC Investment employs a range of hedging strategies, including interest rate swaps, swaptions and treasury locks.