AGNC Investment Corp. (NASDAQ:AGNCM) Short Interest Up 77.6% in March

AGNC Investment Corp. (NASDAQ:AGNCM) was the recipient of a significant growth in short interest in March. As of March 13th, there was short interest totaling 14,221 shares, a growth of 77.6% from the February 26th total of 8,007 shares. Based on an average trading volume of 14,594 shares, the days-to-cover ratio is presently 1.0 days.

AGNC Investment Stock Performance

AGNC Investment stock opened at $24.61 on Friday. The company’s 50-day moving average is $24.89 and its 200-day moving average is $24.81. AGNC Investment has a fifty-two week low of $23.01 and a fifty-two week high of $25.49.

AGNC Investment Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st will be given a $0.5166 dividend. This represents a $2.07 dividend on an annualized basis and a dividend yield of 8.4%. The ex-dividend date of this dividend is Wednesday, April 1st.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in AGNC Investment stock. Kelleher Financial Advisors purchased a new stake in AGNC Investment Corp. (NASDAQ:AGNCM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,792 shares of the company’s stock, valued at approximately $240,000.

AGNC Investment Company Profile

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.