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

AGNC Investment Corp. (NASDAQ:AGNCZ) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totaling 27,494 shares, a drop of 67.3% from the June 30th total of 84,020 shares. Based on an average daily trading volume, of 43,377 shares, the days-to-cover ratio is presently 0.6 days.

AGNC Investment Stock Performance

Shares of NASDAQ AGNCZ opened at $25.26 on Friday. The business has a 50 day simple moving average of $25.33. AGNC Investment has a twelve month low of $24.58 and a twelve month high of $26.37.

AGNC Investment Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were issued a dividend of $0.5469 per share. This represents a $2.19 dividend on an annualized basis and a yield of 8.7%. The ex-dividend date was Wednesday, July 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.