Short Interest in AGNC Investment Corp. (NASDAQ:AGNCM) Decreases By 58.6%

AGNC Investment Corp. (NASDAQ:AGNCM) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 3,239 shares, a drop of 58.6% from the August 15th total of 7,818 shares. Based on an average trading volume of 11,583 shares, the short-interest ratio is presently 0.3 days.

AGNC Investment Stock Performance

NASDAQ:AGNCM traded down $0.02 on Monday, hitting $25.42. 2,793 shares of the stock were exchanged, compared to its average volume of 16,976. AGNC Investment has a 52 week low of $23.63 and a 52 week high of $25.49. The company’s 50-day moving average price is $25.12 and its 200 day moving average price is $24.91.

AGNC Investment Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, October 1st will be paid a dividend of $0.5358 per share. This represents a $2.14 dividend on an annualized basis and a dividend yield of 8.4%. This is a positive change from AGNC Investment’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Thursday, October 1st.

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.