AGNC Investment Corp. (NASDAQ:AGNCM) Short Interest Down 45.5% in July

AGNC Investment Corp. (NASDAQ:AGNCM) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 10,574 shares, a drop of 45.5% from the July 15th total of 19,389 shares. Based on an average trading volume of 10,982 shares, the short-interest ratio is presently 1.0 days.

AGNC Investment Price Performance

AGNCM stock opened at $25.14 on Tuesday. The stock has a 50-day moving average price of $25.03 and a 200-day moving average price of $24.87. AGNC Investment has a 1-year low of $23.63 and a 1-year high of $25.30.

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 paid a dividend of $0.5228 per share. This is an increase from AGNC Investment’s previous quarterly dividend of $0.52. This represents a $2.09 annualized dividend and a yield of 8.3%. The ex-dividend date of this dividend was Wednesday, July 1st.

About AGNC Investment

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.