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

AGNC Investment Corp. (NASDAQ:AGNCP) was the target of a large drop in short interest in July. As of July 15th, there was short interest totaling 42,849 shares, a drop of 59.5% from the June 30th total of 105,700 shares. Based on an average daily volume of 44,951 shares, the short-interest ratio is currently 1.0 days.

AGNC Investment Trading Down 0.0%

AGNC Investment stock opened at $25.00 on Monday. The stock has a 50-day moving average price of $25.08 and a 200 day moving average price of $24.90. AGNC Investment has a 52 week low of $23.62 and a 52 week high of $25.57.

AGNC Investment Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were given a $0.5488 dividend. This is a boost from AGNC Investment’s previous quarterly dividend of $0.54. This represents a $2.20 annualized dividend and a dividend yield of 8.8%. The ex-dividend date of this dividend was 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.