Short Interest in AGNC Investment Corp. (NASDAQ:AGNCM) Expands By 19.6%

AGNC Investment Corp. (NASDAQ:AGNCMGet 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:AGNCMFree 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

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Thursday, January 1st were paid a $0.5422 dividend. This represents a $2.17 dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date of this dividend was Wednesday, December 31st.

About AGNC Investment

(Get Free Report)

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.

Further Reading

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