AGNC Investment Corp. (NASDAQ:AGNCM) Sees Significant Drop in Short Interest

AGNC Investment Corp. (NASDAQ:AGNCM) was the recipient of a large decrease in short interest in July. As of July 15th, there was short interest totaling 19,389 shares, a decrease of 67.4% from the June 30th total of 59,473 shares. Based on an average trading volume of 20,478 shares, the short-interest ratio is presently 0.9 days.

Institutional Trading of AGNC Investment

A hedge fund recently bought a new stake in AGNC Investment stock. Kelleher Financial Advisors purchased a new position in AGNC Investment Corp. (NASDAQ:AGNCM) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 9,792 shares of the company’s stock, valued at approximately $240,000.

AGNC Investment Stock Performance

AGNCM opened at $24.91 on Friday. AGNC Investment has a 52 week low of $23.63 and a 52 week high of $25.34. The business has a 50 day moving average of $24.98 and a 200-day moving average of $24.84.

AGNC Investment Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were given a dividend of $0.5228 per share. This is an increase from AGNC Investment’s previous quarterly dividend of $0.52. This represents a $2.09 annualized dividend and a yield of 8.4%. The ex-dividend date of this dividend was Wednesday, July 1st.

AGNC Investment Company Profile

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.