Short Interest in AGNC Investment Corp. (NASDAQ:AGNCN) Drops By 48.7%

AGNC Investment Corp. (NASDAQ:AGNCN) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totaling 30,131 shares, a decline of 48.7% from the August 15th total of 58,776 shares. Based on an average daily volume of 14,297 shares, the days-to-cover ratio is currently 2.1 days.

AGNC Investment Stock Performance

Shares of AGNCN stock traded down $0.03 during mid-day trading on Tuesday, hitting $25.78. 24,708 shares of the stock traded hands, compared to its average volume of 25,769. The stock’s fifty day moving average is $25.76 and its two-hundred day moving average is $25.65. AGNC Investment has a 52-week low of $24.65 and a 52-week high of $26.11.

AGNC Investment Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be given a $0.5856 dividend. This represents a $2.34 dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date of this dividend is Thursday, October 1st. This is an increase from AGNC Investment’s previous quarterly dividend of $0.57.

About AGNC Investment

AGNC Investment Corp. is a real estate investment trust that primarily invests in residential mortgage-backed securities (MBS) guaranteed by U.S. government agencies or sponsored entities such as Ginnie Mae, Fannie Mae and Freddie Mac. The company seeks to generate income and total return through interest rate spreads, deploying leverage and hedging strategies to manage interest rate and spread risk. Its investment portfolio typically comprises agency MBS across various coupon rates and maturities, supplemented by financing instruments and derivatives to optimize risk-adjusted returns.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC Investment Corp.