Short Interest in AGNC Investment Corp. (NASDAQ:AGNCO) Drops By 94.3%

AGNC Investment Corp. (NASDAQ:AGNCO) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totaling 5,507 shares, a decline of 94.3% from the June 30th total of 95,793 shares. Based on an average trading volume of 31,600 shares, the days-to-cover ratio is currently 0.2 days.

AGNC Investment Price Performance

Shares of NASDAQ:AGNCO traded down $0.02 during trading on Friday, reaching $25.40. 9,040 shares of the stock were exchanged, compared to its average volume of 30,058. AGNC Investment has a 1-year low of $24.39 and a 1-year high of $25.75. The stock has a fifty day moving average of $25.46 and a two-hundred day moving average of $25.36.

AGNC Investment Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were issued a dividend of $0.5646 per share. The ex-dividend date was Wednesday, July 1st. This is a positive change from AGNC Investment’s previous quarterly dividend of $0.56. This represents a $2.26 annualized dividend and a yield of 8.9%.

AGNC Investment Company Profile

AGNC Investment Corp is a real estate investment trust (REIT) that specializes in the acquisition and management of residential mortgage-backed securities (RMBS) issued or guaranteed by U.S. government-sponsored enterprises. The company seeks to generate attractive risk-adjusted returns through a combination of net interest income and strategic portfolio financing. Its focus on agency RMBS aims to offer investors regular dividend income underpinned by the credit support provided by federal agencies.

The firm’s investment strategy centers on the purchase of mortgage-related assets, including securities guaranteed by the Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC).