AGNC Investment Corp. (NASDAQ:AGNCO – Get Free Report) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 17,962 shares, an increase of 121.9% from the May 31st total of 8,093 shares. Based on an average daily trading volume, of 16,248 shares, the days-to-cover ratio is currently 1.1 days.
AGNC Investment Price Performance
AGNCO stock opened at $25.12 on Thursday. AGNC Investment has a one year low of $24.39 and a one year high of $25.75. The company’s 50 day moving average price is $25.51 and its two-hundred day moving average price is $25.37.
AGNC Investment Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be issued a $0.5646 dividend. This is an increase from AGNC Investment’s previous quarterly dividend of $0.56. This represents a $2.26 annualized dividend and a dividend yield of 9.0%. The ex-dividend date is Wednesday, July 1st.
About AGNC Investment
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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