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

AGNC Investment Corp. (NASDAQ:AGNCL) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 17,052 shares, a growth of 126.5% from the August 15th total of 7,530 shares. Based on an average daily volume of 12,526 shares, the days-to-cover ratio is currently 1.4 days.

AGNC Investment Price Performance

NASDAQ AGNCL traded down $0.01 on Tuesday, hitting $25.22. 7,909 shares of the stock traded hands, compared to its average volume of 13,218. The business’s fifty day moving average is $25.07 and its two-hundred day moving average is $24.95. AGNC Investment has a 12 month low of $23.61 and a 12 month high of $25.50.

AGNC Investment Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be given a dividend of $0.4844 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date of this dividend is Thursday, October 1st.

About AGNC Investment

AGNC Investment Corp. is a real estate investment trust that specializes in investing in U.S. agency residential mortgage–backed securities guaranteed by government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company seeks to generate income by capturing the spread between the yields on its mortgage assets and its cost of funds, utilizing leverage provided primarily through short-term repurchase agreements with major financial institutions.

The firm’s portfolio is comprised of fixed-rate and adjustable-rate mortgage pools, with holdings diversified across coupons, vintages and collateral characteristics to manage prepayment and extension risk.