AGNC Investment Corp. (NASDAQ:AGNCO) Sees Significant Drop in Short Interest

AGNC Investment Corp. (NASDAQ:AGNCOGet Free Report) was the recipient of a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 8,607 shares, a drop of 32.6% from the November 30th total of 12,765 shares. Based on an average daily trading volume, of 19,688 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 19,688 shares, the days-to-cover ratio is currently 0.4 days.

AGNC Investment Stock Up 0.1%

Shares of NASDAQ AGNCO opened at $25.59 on Tuesday. AGNC Investment has a fifty-two week low of $23.68 and a fifty-two week high of $25.95. The firm’s 50-day simple moving average is $25.30 and its 200 day simple moving average is $25.41.

AGNC Investment (NASDAQ:AGNCOGet Free Report) last issued its quarterly earnings data on Monday, October 25th. The company reported $0.55 EPS for the quarter. The company had revenue of $471.00 million for the quarter.

AGNC Investment Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Thursday, January 1st will be given a $0.5845 dividend. This represents a $2.34 dividend on an annualized basis and a yield of 9.1%. The ex-dividend date of this dividend is Wednesday, December 31st.

AGNC Investment Company Profile

(Get Free Report)

AGNC Investment Corp is a real estate investment trust (REIT) that specializes in the acquisition and management of residential mortgage-backed securities (RMBS) issued or guaranteed by U.S. government-sponsored enterprises. The company seeks to generate attractive risk-adjusted returns through a combination of net interest income and strategic portfolio financing. Its focus on agency RMBS aims to offer investors regular dividend income underpinned by the credit support provided by federal agencies.

The firm’s investment strategy centers on the purchase of mortgage-related assets, including securities guaranteed by the Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC).

Further Reading

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