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

AGNC Investment Corp. (NASDAQ:AGNCM) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 28,100 shares, an increase of 639.5% from the December 15th total of 3,800 shares. Based on an average trading volume of 17,000 shares, the days-to-cover ratio is currently 1.7 days.

AGNC Investment Trading Down 0.5 %

AGNCM traded down $0.13 during trading on Monday, hitting $24.88. 18,777 shares of the stock were exchanged, compared to its average volume of 9,909. The firm has a 50 day simple moving average of $25.25 and a 200 day simple moving average of $25.18. AGNC Investment has a 1 year low of $24.05 and a 1 year high of $25.85.

AGNC Investment Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Wednesday, January 1st will be paid a dividend of $0.5904 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.36 annualized dividend and a dividend yield of 9.49%.

AGNC Investment Company Profile

AGNC Investment Corp. provides private capital to housing market in the United States. It invests in residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by the United States government-sponsored enterprise or by the United States government agency.