Short Interest in AGNC Investment Corp. (NASDAQ:AGNCM) Drops By 31.3%

AGNC Investment Corp. (NASDAQ:AGNCMGet Free Report) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 9,092 shares, a drop of 31.3% from the December 31st total of 13,234 shares. Based on an average daily volume of 15,107 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 15,107 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On AGNC Investment

An institutional investor recently bought a new position in AGNC Investment stock. Kelleher Financial Advisors purchased a new stake in shares of AGNC Investment Corp. (NASDAQ:AGNCMFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,792 shares of the company’s stock, valued at approximately $240,000.

AGNC Investment Stock Up 0.2%

Shares of AGNC Investment stock opened at $24.96 on Friday. AGNC Investment has a one year low of $23.01 and a one year high of $25.49. The business has a 50-day simple moving average of $24.76 and a 200 day simple moving average of $24.87.

AGNC Investment Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Thursday, January 1st were given a $0.5422 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.17 annualized dividend and a yield of 8.7%.

AGNC Investment Company Profile

(Get Free Report)

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.

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