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

AGNC Investment Corp. (NASDAQ:AGNCO) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 16,999 shares, an increase of 99.1% from the April 30th total of 8,540 shares. Based on an average daily volume of 13,829 shares, the days-to-cover ratio is presently 1.2 days.

AGNC Investment Trading Up 0.2%

NASDAQ:AGNCO opened at $25.62 on Tuesday. AGNC Investment has a one year low of $24.39 and a one year high of $25.87. The company has a fifty day moving average price of $25.27 and a 200 day moving average price of $25.33.

AGNC Investment Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 1st were paid a dividend of $0.5579 per share. This represents a $2.23 annualized dividend and a yield of 8.7%. The ex-dividend date was Wednesday, April 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).