AGNC Investment Corp. (NASDAQ:AGNCM) Short Interest Up 19.6% in December

AGNC Investment Corp. (NASDAQ:AGNCM) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 13,234 shares, a growth of 19.6% from the December 15th total of 11,066 shares. Based on an average daily volume of 18,312 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 18,312 shares, the days-to-cover ratio is currently 0.7 days.

AGNC Investment Stock Performance

Shares of NASDAQ AGNCM opened at $24.83 on Monday. The company has a 50 day simple moving average of $24.70 and a 200-day simple moving average of $24.86. AGNC Investment has a 1 year low of $23.01 and a 1 year high of $25.49.

AGNC Investment Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Thursday, January 1st were paid a $0.5422 dividend. This represents a $2.17 annualized dividend and a dividend yield of 8.7%. The ex-dividend date of this dividend was Wednesday, December 31st.

About AGNC Investment

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.