AGNC Investment Corp. (NASDAQ:AGNCP – Get Free Report) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 19,898 shares, a decline of 43.9% from the August 15th total of 35,446 shares. Based on an average daily volume of 36,886 shares, the short-interest ratio is presently 0.5 days.
AGNC Investment Stock Performance
AGNCP opened at $25.38 on Wednesday. AGNC Investment has a fifty-two week low of $23.62 and a fifty-two week high of $25.54. The firm has a 50-day moving average of $25.25 and a 200 day moving average of $24.98.
AGNC Investment Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be paid a dividend of $0.5591 per share. This represents a $2.24 annualized dividend and a dividend yield of 8.8%. The ex-dividend date is Thursday, October 1st. This is an increase from AGNC Investment’s previous quarterly dividend of $0.55.
About AGNC Investment
AGNC Investment Corp is a real estate investment trust that specializes in residential mortgage-backed securities. The company’s core business activity involves investing primarily in agency mortgage-backed securities issued and guaranteed by U.S. government-sponsored entities such as Fannie Mae, Freddie Mac and Ginnie Mae. AGNC uses secured financing, including repurchase agreements, to leverage its portfolio and seek to generate attractive risk-adjusted returns.
Founded in April 2008 and headquartered in Bethesda, Maryland, AGNC Investment Corp operates predominantly within the United States residential mortgage market.
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