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

AGNC Investment Corp. (NASDAQ:AGNCM) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 59,473 shares, an increase of 124.2% from the June 15th total of 26,526 shares. Based on an average trading volume of 23,974 shares, the short-interest ratio is currently 2.5 days.

Institutional Trading of AGNC Investment

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

AGNC Investment Stock Performance

Shares of NASDAQ:AGNCM opened at $25.12 on Wednesday. The business has a fifty day moving average price of $24.97 and a 200-day moving average price of $24.83. AGNC Investment has a 1-year low of $23.63 and a 1-year high of $25.34.

AGNC Investment Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be given a dividend of $0.5228 per share. This is a positive change from AGNC Investment’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $2.09 annualized dividend and a yield of 8.3%.

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.