AGNC Investment Corp. (NASDAQ:AGNCM) Short Interest Update

AGNC Investment Corp. (NASDAQ:AGNCM) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 15,823 shares, a growth of 388.5% from the August 31st total of 3,239 shares. Based on an average daily volume of 15,429 shares, the days-to-cover ratio is currently 1.0 days.

AGNC Investment Stock Performance

Shares of AGNCM stock traded up $0.04 during trading on Friday, reaching $25.20. The company’s stock had a trading volume of 14,069 shares, compared to its average volume of 16,885. The business has a fifty day moving average price of $25.19 and a 200-day moving average price of $24.94. AGNC Investment has a one year low of $23.63 and a one year high of $25.54.

AGNC Investment Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be given a $0.5358 dividend. This is a boost from AGNC Investment’s previous quarterly dividend of $0.5228. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $2.14 dividend on an annualized basis and a dividend 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.