Short Interest in AGNC Investment Corp. (NASDAQ:AGNCL) Declines By 81.0%

AGNC Investment Corp. (NASDAQ:AGNCL) saw a significant decline in short interest in the month of April. As of April 15th, there was short interest totaling 10,326 shares, a decline of 81.0% from the March 31st total of 54,384 shares. Based on an average daily trading volume, of 20,684 shares, the days-to-cover ratio is presently 0.5 days.

AGNC Investment Stock Performance

Shares of NASDAQ AGNCL traded up $0.04 during midday trading on Friday, reaching $24.99. The stock had a trading volume of 5,827 shares, compared to its average volume of 15,445. AGNC Investment has a 12-month low of $23.61 and a 12-month high of $25.49. The stock has a 50-day moving average of $24.82 and a 200-day moving average of $24.78.

AGNC Investment Dividend Announcement

The company 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 $0.4844 per share. The ex-dividend date was Wednesday, April 1st. This represents a $1.94 dividend on an annualized basis and a dividend yield of 7.8%.

About AGNC Investment

AGNC Investment Corp. is a real estate investment trust that specializes in investing in U.S. agency residential mortgage–backed securities guaranteed by government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company seeks to generate income by capturing the spread between the yields on its mortgage assets and its cost of funds, utilizing leverage provided primarily through short-term repurchase agreements with major financial institutions.

The firm’s portfolio is comprised of fixed-rate and adjustable-rate mortgage pools, with holdings diversified across coupons, vintages and collateral characteristics to manage prepayment and extension risk.