AGNC Investment Corp. (NASDAQ:AGNCM) Sees Significant Growth in Short Interest

AGNC Investment Corp. (NASDAQ:AGNCM) saw a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 14,221 shares, a growth of 77.6% from the February 26th total of 8,007 shares. Based on an average daily volume of 14,594 shares, the short-interest ratio is currently 1.0 days.

Institutional Trading of AGNC Investment

A hedge fund recently bought a new stake in AGNC Investment stock. Kelleher Financial Advisors acquired a new position in shares of AGNC Investment Corp. (NASDAQ:AGNCM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 9,792 shares of the company’s stock, valued at approximately $240,000.

AGNC Investment Stock Performance

NASDAQ:AGNCM opened at $24.48 on Friday. The firm’s 50-day moving average is $24.88 and its 200-day moving average is $24.80. AGNC Investment has a 52-week low of $23.01 and a 52-week high of $25.49.

AGNC Investment Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 1st will be paid a dividend of $0.5166 per share. This represents a $2.07 annualized dividend and a yield of 8.4%. The ex-dividend date is Wednesday, April 1st.

About AGNC Investment

AGNC Investment Corp is a real estate investment trust that primarily invests in residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises, such as Fannie Mae, Freddie Mac and Ginnie Mae. The company seeks to generate attractive risk-adjusted returns for its shareholders by acquiring agency mortgage assets and funding them with a combination of short-term repurchase agreements and longer-term debt instruments.

To manage interest rate and prepayment risk, AGNC Investment employs a range of hedging strategies, including interest rate swaps, swaptions and treasury locks.