AGNC Investment Corp. (NASDAQ:AGNCL) Sees Significant Increase in Short Interest

AGNC Investment Corp. (NASDAQ:AGNCL) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 11,692 shares, a growth of 183.4% from the May 31st total of 4,126 shares. Based on an average daily volume of 9,932 shares, the days-to-cover ratio is currently 1.2 days.

AGNC Investment Stock Performance

Shares of AGNCL traded down $0.10 during midday trading on Tuesday, hitting $24.99. 817 shares of the company’s stock traded hands, compared to its average volume of 13,767. AGNC Investment has a 1 year low of $23.61 and a 1 year high of $25.44. The firm’s fifty day moving average is $24.97 and its 200-day moving average is $24.90.

AGNC Investment Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be given a dividend of $0.4844 per share. This represents a $1.94 annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend is Wednesday, July 1st.

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.