AGNC Investment Corp. (NASDAQ:AGNCO) Short Interest Up 121.9% in June

AGNC Investment Corp. (NASDAQ:AGNCO) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 17,962 shares, a growth of 121.9% from the May 31st total of 8,093 shares. Based on an average daily trading volume, of 16,248 shares, the days-to-cover ratio is presently 1.1 days.

AGNC Investment Price Performance

NASDAQ AGNCO opened at $25.52 on Tuesday. The stock’s fifty day moving average price is $25.50 and its 200 day moving average price is $25.37. AGNC Investment has a 1 year low of $24.39 and a 1 year high of $25.80.

AGNC Investment Increases Dividend

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

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).