Short Interest in AGNC Investment Corp. (NASDAQ:AGNCO) Grows By 99.1%

AGNC Investment Corp. (NASDAQ:AGNCO) saw a large growth in short interest in May. As of May 15th, there was short interest totaling 16,999 shares, a growth of 99.1% from the April 30th total of 8,540 shares. Based on an average daily volume of 13,829 shares, the short-interest ratio is currently 1.2 days.

AGNC Investment Trading Down 0.1%

AGNCO stock traded down $0.02 during trading on Wednesday, hitting $25.55. The stock had a trading volume of 316 shares, compared to its average volume of 28,636. The company’s 50 day moving average price is $25.27 and its two-hundred day moving average price is $25.33. AGNC Investment has a 1-year low of $24.39 and a 1-year high of $25.87.

AGNC Investment Cuts Dividend

The business 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. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a $2.23 dividend on an annualized basis and a dividend yield of 8.7%.

About AGNC Investment

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).