AGNC Investment Corp. (NASDAQ:AGNCM) Short Interest Up 77.6% in March

AGNC Investment Corp. (NASDAQ:AGNCM) saw a large growth in short interest in March. As of March 13th, there was short interest totaling 14,221 shares, a growth of 77.6% from the February 26th total of 8,007 shares. Based on an average trading volume of 14,594 shares, the short-interest ratio is presently 1.0 days.

AGNC Investment Stock Down 0.3%

NASDAQ:AGNCM opened at $24.61 on Friday. AGNC Investment has a 52-week low of $23.01 and a 52-week high of $25.49. The stock’s 50-day simple moving average is $24.89 and its 200 day simple moving average is $24.81.

AGNC Investment Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st will be given a dividend of $0.5166 per share. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $2.07 annualized dividend and a dividend yield of 8.4%.

Institutional Investors Weigh In On AGNC Investment

An institutional investor recently bought a new position in AGNC Investment stock. Kelleher Financial Advisors acquired a new stake in AGNC Investment Corp. (NASDAQ:AGNCM) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 9,792 shares of the company’s stock, valued at approximately $240,000.

AGNC Investment Company Profile

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.