AGNC Investment Corp. (NASDAQ:AGNCO) Short Interest Up 109.9% in April

AGNC Investment Corp. (NASDAQ:AGNCO) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 8,540 shares, a growth of 109.9% from the April 15th total of 4,068 shares. Based on an average trading volume of 28,033 shares, the days-to-cover ratio is presently 0.3 days.

AGNC Investment Trading Down 0.4%

Shares of NASDAQ:AGNCO traded down $0.10 on Monday, reaching $25.44. The company had a trading volume of 1,878 shares, compared to its average volume of 30,527. AGNC Investment has a 52-week low of $24.39 and a 52-week high of $25.87. The firm’s 50 day simple moving average is $25.24 and its 200-day simple moving average is $25.31.

AGNC Investment Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 1st were paid a dividend of $0.5579 per share. This represents a $2.23 annualized dividend and a yield of 8.8%. The ex-dividend date was Wednesday, April 1st.

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).