AGNC Investment Corp. (NASDAQ:AGNCM) Short Interest Up 154.6% in December

AGNC Investment Corp. (NASDAQ:AGNCM) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 11,066 shares, a growth of 154.6% from the November 30th total of 4,346 shares. Based on an average daily trading volume, of 21,372 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 21,372 shares, the days-to-cover ratio is presently 0.5 days.

AGNC Investment Stock Up 0.3%

Shares of AGNCM stock opened at $25.04 on Friday. The firm’s fifty day simple moving average is $24.64 and its 200 day simple moving average is $24.88. AGNC Investment has a 1 year low of $23.01 and a 1 year high of $25.60.

AGNC Investment (NASDAQ:AGNCM) last released its earnings results on Monday, October 25th. The company reported $0.55 earnings per share for the quarter. The company had revenue of $471.00 million during the quarter.

AGNC Investment Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Thursday, January 1st will be paid a $0.5422 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $2.17 dividend on an annualized basis and a dividend yield of 8.7%.

AGNC Investment Company Profile

AGNC Investment Corp is a real estate investment trust that primarily invests in residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises, such as Fannie Mae, Freddie Mac and Ginnie Mae. The company seeks to generate attractive risk-adjusted returns for its shareholders by acquiring agency mortgage assets and funding them with a combination of short-term repurchase agreements and longer-term debt instruments.

To manage interest rate and prepayment risk, AGNC Investment employs a range of hedging strategies, including interest rate swaps, swaptions and treasury locks.