AGNC Investment Corp. (NASDAQ:AGNCP) Short Interest Up 344.4% in June

AGNC Investment Corp. (NASDAQ:AGNCP) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 105,700 shares, an increase of 344.4% from the June 15th total of 23,787 shares. Based on an average daily trading volume, of 83,549 shares, the days-to-cover ratio is currently 1.3 days.

AGNC Investment Trading Down 0.1%

Shares of AGNCP traded down $0.03 during mid-day trading on Friday, reaching $25.04. 26,561 shares of the company’s stock were exchanged, compared to its average volume of 81,866. AGNC Investment has a 52-week low of $23.62 and a 52-week high of $25.57. The company has a 50-day simple moving average of $25.06 and a two-hundred day simple moving average of $24.89.

AGNC Investment Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be paid a dividend of $0.5488 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $2.20 dividend on an annualized basis and a dividend yield of 8.8%. This is a boost from AGNC Investment’s previous quarterly dividend of $0.54.

AGNC Investment Company Profile

AGNC Investment Corp is a real estate investment trust that specializes in residential mortgage-backed securities. The company’s core business activity involves investing primarily in agency mortgage-backed securities issued and guaranteed by U.S. government-sponsored entities such as Fannie Mae, Freddie Mac and Ginnie Mae. AGNC uses secured financing, including repurchase agreements, to leverage its portfolio and seek to generate attractive risk-adjusted returns.

Founded in April 2008 and headquartered in Bethesda, Maryland, AGNC Investment Corp operates predominantly within the United States residential mortgage market.