AGNC Investment Corp. (NASDAQ:AGNCL – Get Free Report) saw a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 11,666 shares, a decrease of 59.5% from the June 30th total of 28,802 shares. Based on an average trading volume of 8,517 shares, the short-interest ratio is presently 1.4 days.
AGNC Investment Stock Performance
Shares of NASDAQ AGNCL opened at $24.85 on Monday. The stock’s fifty day simple moving average is $24.95 and its 200 day simple moving average is $24.90. AGNC Investment has a 52-week low of $23.61 and a 52-week high of $25.44.
AGNC Investment Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were issued a dividend of $0.4844 per share. This represents a $1.94 annualized dividend and a dividend yield of 7.8%. The ex-dividend date of this dividend was 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.
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