AGNC Investment Corp. (NASDAQ:AGNCL) Sees Large Growth in Short Interest

AGNC Investment Corp. (NASDAQ:AGNCL) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 28,802 shares, an increase of 146.3% from the June 15th total of 11,692 shares. Based on an average daily volume of 17,221 shares, the days-to-cover ratio is presently 1.7 days.

AGNC Investment Stock Down 0.1%

Shares of AGNCL stock opened at $24.89 on Tuesday. The business’s fifty day moving average is $24.98 and its 200 day moving average is $24.90. AGNC Investment has a twelve month low of $23.61 and a twelve month high of $25.44.

AGNC Investment Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be paid a $0.4844 dividend. This represents a $1.94 annualized dividend and a dividend yield of 7.8%. The ex-dividend date is Wednesday, July 1st.

AGNC Investment Company Profile

AGNC Investment Corp. is a real estate investment trust that specializes in investing in U.S. agency residential mortgage–backed securities guaranteed by government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company seeks to generate income by capturing the spread between the yields on its mortgage assets and its cost of funds, utilizing leverage provided primarily through short-term repurchase agreements with major financial institutions.

The firm’s portfolio is comprised of fixed-rate and adjustable-rate mortgage pools, with holdings diversified across coupons, vintages and collateral characteristics to manage prepayment and extension risk.