AGNC Investment Corp. (NASDAQ:AGNCZ) Sees Large Drop in Short Interest

AGNC Investment Corp. (NASDAQ:AGNCZ) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 14,676 shares, a decline of 46.4% from the August 15th total of 27,382 shares. Based on an average daily volume of 30,139 shares, the days-to-cover ratio is currently 0.5 days.

AGNC Investment Price Performance

Shares of NASDAQ:AGNCZ opened at $25.27 on Wednesday. The company’s fifty day moving average price is $25.41 and its 200-day moving average price is $25.37. AGNC Investment has a one year low of $24.58 and a one year high of $26.37.

AGNC Investment Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, October 1st will be paid a $0.5469 dividend. This represents a $2.19 dividend on an annualized basis and a yield of 8.7%. The ex-dividend date of this dividend is Thursday, October 1st.

AGNC Investment (NASDAQ: AGNCZ) is a real estate investment trust (REIT) that focuses on investing in residential mortgage-backed securities (RMBS), with an emphasis on agency securities guaranteed by U.S. government-sponsored enterprises and agencies. The company’s core business is to acquire and manage portfolios of mortgage-related assets and to generate income through the spread between the interest earned on those assets and its financing costs.

AGNC’s investment activities typically include purchasing agency RMBS and other mortgage-related securities, and using derivatives and hedging strategies to manage interest-rate and spread exposure.