AGNC Investment Corp. (NASDAQ:AGNCN) Sees Large Decline in Short Interest

AGNC Investment Corp. (NASDAQ:AGNCN) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totaling 8,500 shares, a decline of 30.3% from the August 15th total of 12,200 shares. Based on an average daily volume of 27,200 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 27,200 shares, the days-to-cover ratio is currently 0.3 days.

AGNC Investment Price Performance

Shares of AGNCN stock opened at $25.90 on Tuesday. The company’s fifty day simple moving average is $25.68 and its 200-day simple moving average is $25.62. AGNC Investment has a 12 month low of $23.63 and a 12 month high of $26.59.

AGNC Investment Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be given a $0.6191 dividend. This is a boost from AGNC Investment’s previous quarterly dividend of $0.61. This represents a $2.48 dividend on an annualized basis and a dividend yield of 9.6%. The ex-dividend date of this dividend is Wednesday, October 1st.

AGNC Investment Company Profile

AGNC Investment Corp. provides private capital to housing market in the United States. It invests in residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by the United States government-sponsored enterprise or by the United States government agency.