Short Interest in AGNC Investment Corp. (NASDAQ:AGNCM) Increases By 77.6%

AGNC Investment Corp. (NASDAQ:AGNCM) saw a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 14,221 shares, an increase of 77.6% from the February 26th total of 8,007 shares. Based on an average daily trading volume, of 14,594 shares, the short-interest ratio is presently 1.0 days.

AGNC Investment Stock Down 0.5%

AGNCM stock opened at $24.48 on Friday. The stock’s 50 day simple moving average is $24.88 and its 200 day simple moving average is $24.80. AGNC Investment has a fifty-two week low of $23.01 and a fifty-two week high of $25.49.

AGNC Investment Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st will be given a dividend of $0.5166 per share. This represents a $2.07 dividend on an annualized basis and a dividend yield of 8.4%. The ex-dividend date of this dividend is Wednesday, April 1st.

Institutional Trading of AGNC Investment

An institutional investor recently bought a new position in AGNC Investment stock. Kelleher Financial Advisors acquired a new position in shares of AGNC Investment Corp. (NASDAQ:AGNCM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,792 shares of the company’s stock, valued at approximately $240,000.

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.