AGNC Investment Corp. Experiences Significant Drop in Short Interest

AGNC Investment Corp. (NASDAQ:AGNCM) has recently seen a notable decline in its short interest during September. As of September 30, the short interest amounted to 7,300 shares, reflecting a significant decrease of 34.8% from the prior figure of 11,200 shares recorded on September 15. With an average daily trading volume of 16,400 shares, the current days-to-cover ratio stands at 0.4 days.

Stock Performance of AGNC Investment

The shares of AGNC Investment opened at $24.98 on a recent Friday. The stock has shown a 50-day simple moving average of $25.21 and a 200-day simple moving average of $25.07. Over the past year, AGNC Investment has reached a low of $20.48 and a high of $25.85, indicating some volatility in its market performance.

Dividend Increase Announcement

In addition to the changes in short interest, AGNC Investment has announced an increase in its quarterly dividend, which is scheduled to be paid on Tuesday, October 15. Shareholders who are on record as of Tuesday, October 1, will receive a dividend of $0.6312. This is an improvement from the previous quarterly dividend of $0.63. The new dividend equates to an annualized total of $2.52, providing a dividend yield of 10.11%, which may attract investors.

Understanding AGNC Investment Corp.

AGNC Investment Corp. is a company that plays a crucial role in providing private capital to the United States housing market. The firm primarily focuses on investing in residential mortgage pass-through securities and collateralized mortgage obligations. The principal and interest payments for these investments are guaranteed either by the United States government agency or government-sponsored enterprises. This structure aims to provide a level of security to its investors.

Additional Insights

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short, interest, dividend