AGNC Investment Corp. (NASDAQ:AGNCO) Short Interest Up 220.8% in July

AGNC Investment Corp. (NASDAQ:AGNCO) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 17,666 shares, an increase of 220.8% from the July 15th total of 5,507 shares. Based on an average daily volume of 22,404 shares, the days-to-cover ratio is currently 0.8 days.

AGNC Investment Stock Up 0.3%

Shares of AGNC Investment stock traded up $0.07 during midday trading on Friday, reaching $25.71. 21,043 shares of the company’s stock traded hands, compared to its average volume of 29,244. AGNC Investment has a 52 week low of $24.39 and a 52 week high of $25.75. The company’s 50 day simple moving average is $25.45 and its 200 day simple moving average is $25.39.

AGNC Investment Increases Dividend

The business also recently announced 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. This represents a $2.26 annualized dividend and a yield of 8.8%. This is an increase from AGNC Investment’s previous quarterly dividend of $0.56. The ex-dividend date was Wednesday, July 1st.

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).