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

AGNC Investment Corp. (NASDAQ:AGNCP) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 67,358 shares, a growth of 328.5% from the September 30th total of 15,718 shares. Based on an average daily volume of 114,135 shares, the days-to-cover ratio is presently 0.6 days.

AGNC Investment Trading Down 0.2%

Shares of AGNCP stock opened at $24.42 on Friday. The business’s 50 day moving average is $25.07 and its two-hundred day moving average is $24.97. AGNC Investment has a 12-month low of $23.62 and a 12-month high of $25.54.

AGNC Investment Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st were paid a dividend of $0.5591 per share. This represents a $2.24 annualized dividend and a dividend yield of 9.2%. The ex-dividend date of this dividend was Thursday, October 1st. This is a positive change from AGNC Investment’s previous quarterly dividend of $0.5488.

About AGNC Investment

AGNC Investment Corp. is a real estate investment trust that invests primarily in residential mortgage pass-through securities and collateralized mortgage obligations for which principal and interest payments are guaranteed by a U.S. government-sponsored enterprise or a U.S. government agency. The company’s portfolio generally includes securities issued or guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae.

AGNC uses financing arrangements and interest-rate hedging strategies to manage its investment portfolio, funding costs and exposure to changes in interest rates.