Short Interest in AGNC Investment Corp. (NASDAQ:AGNCP) Increases By 344.4%

AGNC Investment Corp. (NASDAQ:AGNCP) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 105,700 shares, a growth of 344.4% from the June 15th total of 23,787 shares. Based on an average daily trading volume, of 83,549 shares, the days-to-cover ratio is presently 1.3 days.

AGNC Investment Stock Performance

AGNCP stock remained flat at $25.04 during midday trading on Monday. The company’s stock had a trading volume of 7,369 shares, compared to its average volume of 81,270. AGNC Investment has a 52-week low of $23.62 and a 52-week high of $25.57. The stock’s 50 day moving average is $25.06 and its two-hundred day moving average is $24.89.

AGNC Investment Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be given a dividend of $0.5488 per share. This is an increase from AGNC Investment’s previous quarterly dividend of $0.54. This represents a $2.20 dividend on an annualized basis and a dividend yield of 8.8%. The ex-dividend date of this dividend is Wednesday, July 1st.

AGNC Investment Company Profile

AGNC Investment Corp is a real estate investment trust that specializes in residential mortgage-backed securities. The company’s core business activity involves investing primarily in agency mortgage-backed securities issued and guaranteed by U.S. government-sponsored entities such as Fannie Mae, Freddie Mac and Ginnie Mae. AGNC uses secured financing, including repurchase agreements, to leverage its portfolio and seek to generate attractive risk-adjusted returns.

Founded in April 2008 and headquartered in Bethesda, Maryland, AGNC Investment Corp operates predominantly within the United States residential mortgage market.