AGNC Investment (NASDAQ:AGNCM) Trading 0.1% Higher – Here’s Why

AGNC Investment Corp. (NASDAQ:AGNCM) shares traded up 0.1% during trading on Monday . The stock traded as high as $24.94 and last traded at $24.94. 27,366 shares were traded during mid-day trading, an increase of 99% from the average session volume of 13,746 shares. The stock had previously closed at $24.92.

AGNC Investment Price Performance

The stock’s 50 day moving average is $24.89 and its two-hundred day moving average is $24.84.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in AGNC Investment stock. Kelleher Financial Advisors acquired a new position in shares of AGNC Investment Corp. (NASDAQ:AGNCM) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm 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.