Short Interest in AGNC Investment Corp. (NASDAQ:AGNCP) Expands By 344.4%

AGNC Investment Corp. (NASDAQ:AGNCP) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 105,700 shares, an increase of 344.4% from the June 15th total of 23,787 shares. Based on an average trading volume of 83,549 shares, the days-to-cover ratio is currently 1.3 days.

AGNC Investment Trading Up 0.1%

Shares of NASDAQ AGNCP opened at $25.06 on Tuesday. AGNC Investment has a 52-week low of $23.62 and a 52-week high of $25.57. The firm’s fifty day moving average is $25.07 and its two-hundred day moving average is $24.89.

AGNC Investment Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be issued a $0.5488 dividend. This represents a $2.20 annualized dividend and a dividend yield of 8.8%. This is a positive change from AGNC Investment’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Wednesday, July 1st.

AGNC Investment Company Profile

AGNC Investment Corp is a real estate investment trust that specializes in residential mortgage-backed securities. The company’s core business activity involves investing primarily in agency mortgage-backed securities issued and guaranteed by U.S. government-sponsored entities such as Fannie Mae, Freddie Mac and Ginnie Mae. AGNC uses secured financing, including repurchase agreements, to leverage its portfolio and seek to generate attractive risk-adjusted returns.

Founded in April 2008 and headquartered in Bethesda, Maryland, AGNC Investment Corp operates predominantly within the United States residential mortgage market.