AGNC Investment Corp. (NASDAQ:AGNCM) Sees Significant Decrease in Short Interest

AGNC Investment Corp. (NASDAQ:AGNCM) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totaling 19,389 shares, a decline of 67.4% from the June 30th total of 59,473 shares. Based on an average trading volume of 20,478 shares, the days-to-cover ratio is presently 0.9 days.

AGNC Investment Price Performance

Shares of NASDAQ AGNCM opened at $24.94 on Tuesday. AGNC Investment has a twelve month low of $23.63 and a twelve month high of $25.34. The firm has a 50-day moving average of $24.98 and a two-hundred day moving average of $24.84.

AGNC Investment Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were issued a $0.5228 dividend. This represents a $2.09 dividend on an annualized basis and a dividend yield of 8.4%. The ex-dividend date was Wednesday, July 1st. This is an increase from AGNC Investment’s previous quarterly dividend of $0.52.

Institutional Trading of AGNC Investment

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

AGNC Investment Company Profile

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.