AGNC Investment Corp. (NASDAQ:AGNCP) Short Interest Down 37.5% in March

AGNC Investment Corp. (NASDAQ:AGNCP) was the recipient of a large drop in short interest in March. As of March 13th, there was short interest totaling 19,867 shares, a drop of 37.5% from the February 26th total of 31,794 shares. Based on an average daily trading volume, of 54,540 shares, the days-to-cover ratio is currently 0.4 days.

AGNC Investment Stock Down 1.0%

NASDAQ AGNCP opened at $24.27 on Friday. AGNC Investment has a 52-week low of $23.37 and a 52-week high of $25.57. The company has a fifty day moving average of $24.96 and a 200-day moving average of $24.97.

AGNC Investment Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st will be paid a dividend of $0.5394 per share. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $2.16 annualized dividend and a yield of 8.9%.

AGNC Investment Company Profile

AGNC Investment Corp is a real estate investment trust that specializes in residential mortgage-backed securities. The company’s core business activity involves investing primarily in agency mortgage-backed securities issued and guaranteed by U.S. government-sponsored entities such as Fannie Mae, Freddie Mac and Ginnie Mae. AGNC uses secured financing, including repurchase agreements, to leverage its portfolio and seek to generate attractive risk-adjusted returns.

Founded in April 2008 and headquartered in Bethesda, Maryland, AGNC Investment Corp operates predominantly within the United States residential mortgage market.