Short Interest in AGNC Investment Corp. (NASDAQ:AGNCO) Drops By 47.3%

AGNC Investment Corp. (NASDAQ:AGNCO) was the recipient of a large drop in short interest in January. As of January 15th, there was short interest totaling 8,470 shares, a drop of 47.3% from the December 31st total of 16,073 shares. Based on an average daily volume of 20,299 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 20,299 shares, the days-to-cover ratio is currently 0.4 days.

AGNC Investment Price Performance

Shares of AGNCO stock opened at $25.49 on Friday. The firm has a fifty day moving average of $25.33 and a two-hundred day moving average of $25.39. AGNC Investment has a 1-year low of $23.68 and a 1-year high of $25.95.

AGNC Investment Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Thursday, January 1st were given a dividend of $0.5845 per share. The ex-dividend date was Wednesday, December 31st. This represents a $2.34 dividend on an annualized basis and a yield of 9.2%.

About AGNC Investment

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).