AGNC Investment Corp. (NASDAQ:AGNCO) Shares Shorted: Short Interest Up 286.0% in October

AGNC Investment Corp. (NASDAQ:AGNCO) saw a large growth in short interest in October. As of October 15th, there was short interest totaling 40,996 shares, a growth of 286.0% from the September 30th total of 10,621 shares. Based on an average trading volume of 59,942 shares, the short-interest ratio is presently 0.7 days.

AGNC Investment Stock Performance

NASDAQ AGNCO traded down $0.06 during trading hours on Friday, hitting $24.90. 17,173 shares of the company traded hands, compared to its average volume of 32,287. The business’s 50-day moving average is $25.40 and its 200-day moving average is $25.40. AGNC Investment has a twelve month low of $24.39 and a twelve month high of $25.74.

AGNC Investment Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st were given a dividend of $0.5780 per share. This represents a $2.31 annualized dividend and a yield of 9.3%. This is an increase from AGNC Investment’s previous quarterly dividend of $0.5646. The ex-dividend date of this dividend was Thursday, October 1st.

AGNC Investment Company Profile

AGNC Investment Corp. is an internally managed real estate investment trust (REIT) that invests primarily in residential mortgage-backed securities (MBS) backed by the U.S. government, Fannie Mae, Freddie Mac or Ginnie Mae. Its portfolio generally includes agency mortgage pass-through securities and collateralized mortgage obligations.

The company seeks to generate income through the spread between the interest earned on its investments and the cost of financing those investments. AGNC uses repurchase agreements and other financing arrangements, along with hedging strategies, to manage interest-rate and market risks associated with its mortgage investments.

Founded in 2008, AGNC Investment is headquartered in Bethesda, Maryland, and operates in the U.S.