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

AGNC Investment Corp. (NASDAQ:AGNCM) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 6,285 shares, a drop of 60.3% from the September 15th total of 15,823 shares. Based on an average daily trading volume, of 16,047 shares, the days-to-cover ratio is presently 0.4 days.

AGNC Investment Price Performance

Shares of NASDAQ:AGNCM opened at $24.80 on Thursday. The company’s 50 day simple moving average is $25.13 and its 200 day simple moving average is $24.94. AGNC Investment has a 1 year low of $23.63 and a 1 year high of $25.54.

AGNC Investment Increases Dividend

The business 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 $0.5358 dividend. This is an increase from AGNC Investment’s previous quarterly dividend of $0.5228. This represents a $2.14 dividend on an annualized basis and a yield of 8.6%. The ex-dividend date is Thursday, October 1st.

AGNC Investment Company Profile

AGNC Investment Corp. is a real estate investment trust that invests primarily in agency residential mortgage-backed securities (MBS). These securities are issued or guaranteed by U.S. government-sponsored entities such as Fannie Mae and Freddie Mac, or by government agencies including Ginnie Mae. The company seeks to generate income through its investment portfolio and related financing and hedging activities.

AGNC Investment typically finances its agency MBS holdings through repurchase agreements and uses interest-rate swaps, U.S.