AGNC Investment Corp. (NASDAQ:AGNCL) Sees Large Growth in Short Interest

AGNC Investment Corp. (NASDAQ:AGNCL) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 28,802 shares, an increase of 146.3% from the June 15th total of 11,692 shares. Based on an average trading volume of 17,221 shares, the days-to-cover ratio is currently 1.7 days.

AGNC Investment Stock Down 0.1%

Shares of AGNCL stock opened at $24.89 on Tuesday. The stock has a fifty day moving average of $24.98 and a 200 day moving average of $24.90. AGNC Investment has a 52 week low of $23.61 and a 52 week high of $25.44.

AGNC Investment Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be given a $0.4844 dividend. This represents a $1.94 annualized dividend and a dividend yield of 7.8%. The ex-dividend date of this dividend is Wednesday, July 1st.

About AGNC Investment

AGNC Investment Corp. is a real estate investment trust that specializes in investing in U.S. agency residential mortgage–backed securities guaranteed by government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company seeks to generate income by capturing the spread between the yields on its mortgage assets and its cost of funds, utilizing leverage provided primarily through short-term repurchase agreements with major financial institutions.

The firm’s portfolio is comprised of fixed-rate and adjustable-rate mortgage pools, with holdings diversified across coupons, vintages and collateral characteristics to manage prepayment and extension risk.