AGNC Investment Corp. (NASDAQ:AGNCM) Stock Short Interest Jumps 388.5%

AGNC Investment Corp. (NASDAQ:AGNCM) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 15,823 shares, a growth of 388.5% from the August 31st total of 3,239 shares. Based on an average daily volume of 15,429 shares, the days-to-cover ratio is currently 1.0 days.

AGNC Investment Stock Performance

Shares of NASDAQ AGNCM opened at $25.16 on Friday. The company has a 50 day simple moving average of $25.19 and a 200-day simple moving average of $24.94. AGNC Investment has a 1 year low of $23.63 and a 1 year high of $25.54.

AGNC Investment Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, October 1st will be given a $0.5358 dividend. The ex-dividend date is Thursday, October 1st. This is a positive change from AGNC Investment’s previous quarterly dividend of $0.5228. This represents a $2.14 annualized dividend and a yield of 8.5%.

AGNC Investment Company Profile

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.