AGNC Investment Corp. (NASDAQ:AGNCN – Get Free Report) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 30,865 shares, a growth of 87.1% from the September 30th total of 16,497 shares. Based on an average daily volume of 34,471 shares, the short-interest ratio is currently 0.9 days.
AGNC Investment Price Performance
Shares of NASDAQ AGNCN opened at $25.35 on Friday. The business’s 50 day moving average price is $25.59 and its two-hundred day moving average price is $25.61. AGNC Investment has a twelve month low of $24.65 and a twelve month high of $25.99.
AGNC Investment Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st were paid a dividend of $0.5856 per share. The ex-dividend date was Thursday, October 1st. This represents a $2.34 annualized dividend and a dividend yield of 9.2%. This is an increase from AGNC Investment’s previous quarterly dividend of $0.5720.
About AGNC Investment
AGNC Investment Corp. is an internally managed real estate investment trust that invests primarily in residential mortgage securities guaranteed by the U.S. government or a government-sponsored enterprise. Its portfolio generally includes agency mortgage-backed securities issued or guaranteed by entities such as Fannie Mae, Freddie Mac and Ginnie Mae.
The company seeks to generate income from its mortgage investments and manages the associated interest-rate, prepayment and financing risks through hedging and other portfolio-management strategies.
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