AGNC Investment Corp. (NASDAQ:AGNCN – Get Free Report) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totaling 16,497 shares, a decline of 45.5% from the September 15th total of 30,268 shares. Based on an average trading volume of 22,744 shares, the short-interest ratio is currently 0.7 days.
AGNC Investment Stock Up 0.4%
Shares of NASDAQ AGNCN traded up $0.11 during trading hours on Thursday, reaching $25.54. The stock had a trading volume of 7,903 shares, compared to its average volume of 26,042. AGNC Investment has a 52-week low of $24.65 and a 52-week high of $25.99. The business’s fifty day moving average price is $25.74 and its two-hundred day moving average price is $25.66.
AGNC Investment Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st will be given a dividend of $0.5856 per share. This is a boost from AGNC Investment’s previous quarterly dividend of $0.5720. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $2.34 dividend on an annualized basis and a yield of 9.2%.
About AGNC Investment
AGNC Investment Corp. is a real estate investment trust (REIT) that invests primarily in agency residential mortgage-backed securities (MBS). These securities are generally issued or guaranteed by U.S. government-sponsored enterprises, including Fannie Mae and Freddie Mac, or by the U.S. government. The company generates income mainly from the spread between the yields on its investments and its borrowing costs, while also managing interest-rate and prepayment risks.
AGNC Investment’s portfolio may include residential mortgage pass-through securities, collateralized mortgage obligations and other assets related to the agency mortgage market.
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