AGNC Investment Corp. (NASDAQ:AGNCN – Get Free Report) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 16,497 shares, a drop of 45.5% from the September 15th total of 30,268 shares. Based on an average trading volume of 22,744 shares, the days-to-cover ratio is presently 0.7 days.
AGNC Investment Stock Down 0.1%
AGNC Investment stock opened at $25.47 on Wednesday. The stock’s 50 day moving average is $25.75 and its 200 day moving average is $25.66. AGNC Investment has a one year low of $24.65 and a one year high of $25.99.
AGNC Investment Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st will be given a dividend of $0.5856 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $2.34 dividend on an annualized basis and a yield of 9.2%. This is a boost from AGNC Investment’s previous quarterly dividend of $0.5720.
AGNC Investment Company Profile
AGNC Investment Corp. is a real estate investment trust (REIT) that invests primarily in agency residential mortgage-backed securities (MBS). These securities are generally issued or guaranteed by U.S. government-sponsored enterprises, including Fannie Mae and Freddie Mac, or by the U.S. government. The company generates income mainly from the spread between the yields on its investments and its borrowing costs, while also managing interest-rate and prepayment risks.
AGNC Investment’s portfolio may include residential mortgage pass-through securities, collateralized mortgage obligations and other assets related to the agency mortgage market.
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