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

AGNC Investment Corp. (NASDAQ:AGNCN) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 22,242 shares, a growth of 286.3% from the December 15th total of 5,758 shares. Based on an average daily volume of 32,341 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 32,341 shares, the days-to-cover ratio is currently 0.7 days.

AGNC Investment Stock Up 0.1%

Shares of AGNCN stock opened at $25.47 on Wednesday. AGNC Investment has a 52 week low of $23.63 and a 52 week high of $26.59. The company has a 50-day simple moving average of $25.50 and a 200 day simple moving average of $25.60.

AGNC Investment Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Thursday, January 1st will be issued a dividend of $0.592 per share. This represents a $2.37 dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date is Wednesday, December 31st.

AGNC Investment Company Profile

AGNC Investment Corp. is a real estate investment trust that primarily invests in residential mortgage-backed securities (MBS) guaranteed by U.S. government agencies or sponsored entities such as Ginnie Mae, Fannie Mae and Freddie Mac. The company seeks to generate income and total return through interest rate spreads, deploying leverage and hedging strategies to manage interest rate and spread risk. Its investment portfolio typically comprises agency MBS across various coupon rates and maturities, supplemented by financing instruments and derivatives to optimize risk-adjusted returns.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC Investment Corp.