AGNC Investment Corp. (NASDAQ:AGNCZ – Get Free Report) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 31,137 shares, an increase of 389.8% from the April 30th total of 6,357 shares. Based on an average daily volume of 57,719 shares, the short-interest ratio is presently 0.5 days.
AGNC Investment Price Performance
Shares of AGNC Investment stock traded down $0.02 during trading hours on Friday, hitting $25.39. 6,739 shares of the company were exchanged, compared to its average volume of 62,432. The firm has a 50-day simple moving average of $25.23. AGNC Investment has a 1 year low of $24.58 and a 1 year high of $26.37.
AGNC Investment Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st were given a dividend of $0.5469 per share. The ex-dividend date was Wednesday, April 1st. This represents a $2.19 dividend on an annualized basis and a yield of 8.6%.
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.
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