AGNC Investment Corp. (NASDAQ:AGNCL – Get Free Report) saw a large 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 daily trading volume, of 17,221 shares, the short-interest ratio is currently 1.7 days.
AGNC Investment Stock Performance
NASDAQ AGNCL opened at $24.84 on Thursday. The stock’s 50 day simple moving average is $24.98 and its 200-day simple moving average is $24.90. AGNC Investment has a 1-year low of $23.61 and a 1-year high of $25.44.
AGNC Investment Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were paid a dividend of $0.4844 per share. This represents a $1.94 annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend was Wednesday, July 1st.
AGNC Investment Company Profile
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.
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