AGNC Investment Corp. (NASDAQ:AGNCM) Sees Large Decrease in Short Interest

AGNC Investment Corp. (NASDAQ:AGNCM – Get Free Report) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 19,389 shares, a drop of 67.4% from the June 30th total of 59,473 shares. Based on an average daily trading volume, of 20,478 shares, the days-to-cover ratio is presently 0.9 days.

AGNC Investment Trading Up 0.1%

AGNCM traded up $0.03 during trading on Monday, hitting $24.94. 6,762 shares of the stock were exchanged, compared to its average volume of 17,866. AGNC Investment has a 1-year low of $23.63 and a 1-year high of $25.34. The stock has a fifty day moving average price of $24.98 and a two-hundred day moving average price of $24.84.

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AGNC Investment Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were given a dividend of $0.5228 per share. This represents a $2.09 dividend on an annualized basis and a dividend yield of 8.4%. This is a boost from AGNC Investment’s previous quarterly dividend of $0.52. The ex-dividend date was Wednesday, July 1st.

Institutional Trading of AGNC Investment

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

About AGNC Investment

(Get Free Report)

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.

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