AGNC Investment Corp. (NASDAQ:AGNCO) Short Interest Update

AGNC Investment Corp. (NASDAQ:AGNCO) was the recipient of a large drop in short interest in May. As of May 29th, there was short interest totaling 8,093 shares, a drop of 52.4% from the May 14th total of 16,999 shares. Based on an average daily volume of 12,872 shares, the days-to-cover ratio is currently 0.6 days.

AGNC Investment Stock Performance

NASDAQ AGNCO traded up $0.02 on Monday, reaching $25.58. 7,868 shares of the stock traded hands, compared to its average volume of 27,906. The firm’s fifty day simple moving average is $25.36 and its 200 day simple moving average is $25.35. AGNC Investment has a 12 month low of $24.39 and a 12 month high of $25.87.

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 dividend on an annualized basis and a yield of 8.8%. The ex-dividend date of this dividend is Wednesday, July 1st. This is an increase 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).