AGNC Investment Corp. (NASDAQ:AGNCM – Get Free Report) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 13,234 shares, an increase of 19.6% from the December 15th total of 11,066 shares. Based on an average daily volume of 18,312 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 18,312 shares, the days-to-cover ratio is currently 0.7 days.
Institutional Investors Weigh In On AGNC Investment
A hedge fund recently bought a new stake in AGNC Investment stock. Kelleher Financial Advisors purchased a new position in shares of AGNC Investment Corp. (NASDAQ:AGNCM – Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 9,792 shares of the company’s stock, valued at approximately $240,000.
AGNC Investment Price Performance
Shares of NASDAQ AGNCM opened at $24.82 on Wednesday. AGNC Investment has a twelve month low of $23.01 and a twelve month high of $25.49. The firm has a fifty day simple moving average of $24.71 and a 200 day simple moving average of $24.86.
AGNC Investment Cuts Dividend
About AGNC Investment
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.
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