Short Interest in AGNC Investment Corp. (NASDAQ:AGNCO) Grows By 109.9%

AGNC Investment Corp. (NASDAQ:AGNCO) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totaling 8,540 shares, an increase of 109.9% from the April 15th total of 4,068 shares. Based on an average daily volume of 28,033 shares, the days-to-cover ratio is currently 0.3 days.

AGNC Investment Stock Performance

Shares of AGNCO opened at $25.53 on Friday. AGNC Investment has a 12 month low of $24.39 and a 12 month high of $25.87. The firm has a fifty day simple moving average of $25.24 and a 200 day simple moving average of $25.31.

AGNC Investment Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st were paid a dividend of $0.5579 per share. This represents a $2.23 dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date was Wednesday, April 1st.

AGNC Investment Company Profile

AGNC Investment Corp is a real estate investment trust (REIT) that specializes in the acquisition and management of residential mortgage-backed securities (RMBS) issued or guaranteed by U.S. government-sponsored enterprises. The company seeks to generate attractive risk-adjusted returns through a combination of net interest income and strategic portfolio financing. Its focus on agency RMBS aims to offer investors regular dividend income underpinned by the credit support provided by federal agencies.

The firm’s investment strategy centers on the purchase of mortgage-related assets, including securities guaranteed by the Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC).