AGNC Investment Corp. (NASDAQ:AGNCO – Get Free Report) saw a significant growth in short interest in June. As of June 15th, there was short interest totaling 17,962 shares, a growth of 121.9% from the May 31st total of 8,093 shares. Based on an average daily trading volume, of 16,248 shares, the short-interest ratio is currently 1.1 days.
AGNC Investment Trading Down 1.1%
Shares of AGNC Investment stock traded down $0.28 during trading hours on Wednesday, reaching $25.11. The stock had a trading volume of 29,522 shares, compared to its average volume of 30,262. The stock’s 50 day moving average is $25.51 and its 200 day moving average is $25.37. AGNC Investment has a twelve month low of $24.39 and a twelve month high of $25.75.
AGNC Investment Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be issued a $0.5646 dividend. This represents a $2.26 dividend on an annualized basis and a yield of 9.0%. The ex-dividend date of this dividend is Wednesday, July 1st. This is a positive change from AGNC Investment’s previous quarterly dividend of $0.56.
AGNC Investment Company Profile
AGNC Investment Corp is a real estate investment trust (REIT) that specializes in the acquisition and management of residential mortgage-backed securities (RMBS) issued or guaranteed by U.S. government-sponsored enterprises. The company seeks to generate attractive risk-adjusted returns through a combination of net interest income and strategic portfolio financing. Its focus on agency RMBS aims to offer investors regular dividend income underpinned by the credit support provided by federal agencies.
The firm’s investment strategy centers on the purchase of mortgage-related assets, including securities guaranteed by the Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC).
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