Short Interest in Invesco Mortgage Capital Inc. (NYSE:IVR) Increases By 19.9%

Invesco Mortgage Capital Inc. (NYSE:IVR) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 3,980,000 shares, a growth of 19.9% from the March 31st total of 3,320,000 shares. Based on an average daily volume of 944,900 shares, the days-to-cover ratio is presently 4.2 days. Approximately 8.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Global Retirement Partners LLC lifted its holdings in shares of Invesco Mortgage Capital by 100.1% in the first quarter. Global Retirement Partners LLC now owns 4,847 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 2,425 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Invesco Mortgage Capital by 500.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,052 shares of the real estate investment trust’s stock worth $80,000 after purchasing an additional 7,544 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Invesco Mortgage Capital by 63.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,207 shares of the real estate investment trust’s stock valued at $82,000 after purchasing an additional 3,192 shares during the last quarter. Valley Brook Capital Group Inc. bought a new position in Invesco Mortgage Capital in the 4th quarter valued at approximately $91,000. Finally, Allspring Global Investments Holdings LLC boosted its position in Invesco Mortgage Capital by 24.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 13,351 shares of the real estate investment trust’s stock valued at $134,000 after buying an additional 2,662 shares in the last quarter. Institutional investors own 40.54% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a report on Monday.

Invesco Mortgage Capital Stock Down 1.2 %

Shares of IVR stock opened at $8.56 on Wednesday. Invesco Mortgage Capital has a fifty-two week low of $6.34 and a fifty-two week high of $12.37. The stock’s fifty day moving average price is $8.94 and its two-hundred day moving average price is $8.57.

Invesco Mortgage Capital Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Monday, April 8th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 18.69%. The ex-dividend date was Friday, April 5th. Invesco Mortgage Capital’s dividend payout ratio (DPR) is presently -200.00%.

About Invesco Mortgage Capital

Invesco Mortgage Capital Inc operates as a real estate investment trust (REIT) that invests, finances, and manages mortgage-backed securities and other mortgage-related assets in the United States. It invests in residential mortgage-backed securities (RMBS) and commercial mortgage-backed securities (CMBS) that are guaranteed by a U.S.