AGNC Investment Corp. (NASDAQ:AGNCP) Shares Shorted: Short Interest Down 84.5% in October

AGNC Investment Corp. (NASDAQ:AGNCP) was the target of a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 10,430 shares, a drop of 84.5% from the October 15th total of 67,358 shares. Based on an average daily volume of 88,000 shares, the short-interest ratio is presently 0.1 days.

AGNC Investment Stock Performance

Shares of NASDAQ:AGNCP opened at $24.63 on Wednesday. AGNC Investment has a 1 year low of $23.62 and a 1 year high of $25.54. The business has a 50 day simple moving average of $24.91 and a two-hundred day simple moving average of $24.95.

AGNC Investment Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Thursday, October 1st were paid a dividend of $0.5591 per share. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $2.24 dividend on an annualized basis and a dividend yield of 9.1%. This is an increase from AGNC Investment’s previous quarterly dividend of $0.5488.

AGNC Investment Company Profile

AGNC Investment Corp. is a real estate investment trust (REIT) that invests primarily in agency residential mortgage-backed securities (RMBS). These securities are issued or guaranteed by U.S. government-sponsored enterprises such as Fannie Mae and Freddie Mac, or by government agencies including Ginnie Mae. The company’s investment portfolio may also include collateralized mortgage obligations and other residential mortgage-related assets. AGNC finances its investments largely through repurchase agreements and manages interest-rate and other market risks using hedging instruments, including interest-rate swaps and futures.