AGNC Investment Corp. (NASDAQ:AGNCN – Get Free Report) was the target of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 16,497 shares, a drop of 45.5% from the September 15th total of 30,268 shares. Based on an average daily trading volume, of 22,744 shares, the short-interest ratio is currently 0.7 days.
AGNC Investment Stock Down 0.1%
Shares of AGNCN opened at $25.47 on Wednesday. The firm’s fifty day simple moving average is $25.75 and its two-hundred day simple moving average is $25.66. AGNC Investment has a 12 month low of $24.65 and a 12 month high of $25.99.
AGNC Investment Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be paid a $0.5856 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $2.34 dividend on an annualized basis and a dividend yield of 9.2%. This is a positive change from AGNC Investment’s previous quarterly dividend of $0.5720.
AGNC Investment Company Profile
AGNC Investment Corp. is a real estate investment trust (REIT) that invests primarily in agency residential mortgage-backed securities (MBS). These securities are generally issued or guaranteed by U.S. government-sponsored enterprises, including Fannie Mae and Freddie Mac, or by the U.S. government. The company generates income mainly from the spread between the yields on its investments and its borrowing costs, while also managing interest-rate and prepayment risks.
AGNC Investment’s portfolio may include residential mortgage pass-through securities, collateralized mortgage obligations and other assets related to the agency mortgage market.
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