AGNC Investment Corp. (NASDAQ:AGNCO) Sees Large Decrease in Short Interest

AGNC Investment Corp. (NASDAQ:AGNCO) saw a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 8,093 shares, a decrease of 52.4% from the May 14th total of 16,999 shares. Based on an average daily volume of 12,872 shares, the days-to-cover ratio is currently 0.6 days.

AGNC Investment Price Performance

AGNCO traded down $0.01 during midday trading on Friday, hitting $25.56. 25,605 shares of the company were exchanged, compared to its average volume of 28,099. The company’s 50 day simple moving average is $25.36 and its 200 day simple moving average is $25.35. AGNC Investment has a 1-year low of $24.39 and a 1-year high of $25.87.

AGNC Investment Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be given a dividend of $0.5646 per share. This is an increase from AGNC Investment’s previous quarterly dividend of $0.56. This represents a $2.26 annualized dividend and a yield of 8.8%. The ex-dividend date is Wednesday, July 1st.

AGNC Investment Company Profile

AGNC Investment Corp is a real estate investment trust (REIT) that specializes in the acquisition and management of residential mortgage-backed securities (RMBS) issued or guaranteed by U.S. government-sponsored enterprises. The company seeks to generate attractive risk-adjusted returns through a combination of net interest income and strategic portfolio financing. Its focus on agency RMBS aims to offer investors regular dividend income underpinned by the credit support provided by federal agencies.

The firm’s investment strategy centers on the purchase of mortgage-related assets, including securities guaranteed by the Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC).