AGNC Investment Corp. (NASDAQ:AGNCM) Sees Significant Increase in Short Interest

AGNC Investment Corp. (NASDAQ:AGNCMGet 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

An institutional investor recently bought a new position in AGNC Investment stock. Kelleher Financial Advisors acquired a new position in AGNC Investment Corp. (NASDAQ:AGNCMFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 9,792 shares of the company’s stock, valued at approximately $240,000.

AGNC Investment Company Profile

(Get Free Report)

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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