AGNC Investment Corp. (NASDAQ:AGNCM – Get Free Report) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 59,473 shares, a growth of 124.2% from the June 15th total of 26,526 shares. Based on an average trading volume of 23,974 shares, the short-interest ratio is currently 2.5 days.
AGNC Investment Stock Performance
Shares of AGNCM opened at $25.09 on Friday. AGNC Investment has a fifty-two week low of $23.63 and a fifty-two week high of $25.34. The firm has a 50 day moving average price of $24.98 and a 200-day moving average price of $24.83.
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 given a $0.5228 dividend. This represents a $2.09 dividend on an annualized basis and a yield of 8.3%. The ex-dividend date was Wednesday, July 1st. This is a boost from AGNC Investment’s previous quarterly dividend of $0.52.
Institutional Inflows and Outflows
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.
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