Short Interest in AGNC Investment Corp. (NASDAQ:AGNCO) Decreases By 52.4%

AGNC Investment Corp. (NASDAQ:AGNCO) was the recipient of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 8,093 shares, a decrease of 52.4% from the May 14th total of 16,999 shares. Based on an average daily trading volume, of 12,872 shares, the short-interest ratio is currently 0.6 days.

AGNC Investment Price Performance

AGNCO traded down $0.01 during trading hours on Friday, hitting $25.56. 25,605 shares of the company’s stock were exchanged, compared to its average volume of 28,099. AGNC Investment has a 12-month low of $24.39 and a 12-month high of $25.87. The firm has a 50 day moving average of $25.36 and a 200 day moving average of $25.35.

AGNC Investment Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be paid a dividend of $0.5646 per share. This represents a $2.26 annualized dividend and a yield of 8.8%. The ex-dividend date of this dividend is Wednesday, July 1st. This is an increase from AGNC Investment’s previous quarterly dividend of $0.56.

About AGNC Investment

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).