Short Interest in AGNC Investment Corp. (NASDAQ:AGNCN) Drops By 61.2%

AGNC Investment Corp. (NASDAQ:AGNCN) was the target of a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 8,784 shares, a drop of 61.2% from the February 26th total of 22,646 shares. Based on an average trading volume of 17,833 shares, the days-to-cover ratio is currently 0.5 days.

AGNC Investment Price Performance

Shares of AGNC Investment stock traded down $0.10 during trading hours on Friday, hitting $25.37. The company’s stock had a trading volume of 330 shares, compared to its average volume of 26,650. The business has a 50 day moving average price of $25.59 and a two-hundred day moving average price of $25.59. AGNC Investment has a 12-month low of $23.63 and a 12-month high of $26.59.

AGNC Investment Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 1st will be issued a $0.5652 dividend. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $2.26 dividend on an annualized basis and a yield of 8.9%.

AGNC Investment Company Profile

AGNC Investment Corp. is a real estate investment trust that primarily invests in residential mortgage-backed securities (MBS) guaranteed by U.S. government agencies or sponsored entities such as Ginnie Mae, Fannie Mae and Freddie Mac. The company seeks to generate income and total return through interest rate spreads, deploying leverage and hedging strategies to manage interest rate and spread risk. Its investment portfolio typically comprises agency MBS across various coupon rates and maturities, supplemented by financing instruments and derivatives to optimize risk-adjusted returns.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC Investment Corp.