AGNC Investment Corp. (NASDAQ:AGNCO – Get Free Report) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 40,996 shares, an increase of 286.0% from the September 30th total of 10,621 shares. Based on an average daily volume of 59,942 shares, the days-to-cover ratio is presently 0.7 days.
AGNC Investment Trading Up 0.1%
AGNC Investment stock traded up $0.02 during midday trading on Wednesday, reaching $24.87. 149,944 shares of the stock traded hands, compared to its average volume of 32,363. AGNC Investment has a fifty-two week low of $24.39 and a fifty-two week high of $25.74. The firm has a fifty day moving average price of $25.43 and a two-hundred day moving average price of $25.40.
AGNC Investment Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st were issued a dividend of $0.5780 per share. This represents a $2.31 dividend on an annualized basis and a dividend yield of 9.3%. This is a boost from AGNC Investment’s previous quarterly dividend of $0.5646. The ex-dividend date of this dividend was Thursday, October 1st.
AGNC Investment Company Profile
AGNC Investment Corp. is an internally managed real estate investment trust (REIT) that invests primarily in residential mortgage-backed securities (MBS) backed by the U.S. government, Fannie Mae, Freddie Mac or Ginnie Mae. Its portfolio generally includes agency mortgage pass-through securities and collateralized mortgage obligations.
The company seeks to generate income through the spread between the interest earned on its investments and the cost of financing those investments. AGNC uses repurchase agreements and other financing arrangements, along with hedging strategies, to manage interest-rate and market risks associated with its mortgage investments.
Founded in 2008, AGNC Investment is headquartered in Bethesda, Maryland, and operates in the U.S.
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