Short Interest in AGNC Investment Corp. (NASDAQ:AGNCN) Increases By 127.8%

AGNC Investment Corp. (NASDAQ:AGNCN) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totalling 24,600 shares, an increase of 127.8% from the September 15th total of 10,800 shares. Based on an average daily volume of 22,600 shares, the short-interest ratio is presently 1.1 days.

AGNC Investment Stock Performance

Shares of AGNC Investment stock opened at $25.40 on Friday. The business has a 50-day moving average of $25.71 and a 200-day moving average of $25.67. AGNC Investment has a 1-year low of $23.67 and a 1-year high of $26.08.

AGNC Investment Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be paid a dividend of $0.681 per share. The ex-dividend date is Tuesday, October 1st. This is an increase from AGNC Investment’s previous quarterly dividend of $0.68. This represents a $2.72 annualized dividend and a dividend yield of 10.72%.

Hedge Funds Weigh In On AGNC Investment

A hedge fund recently bought a new stake in AGNC Investment stock. Cove Street Capital LLC bought a new position in AGNC Investment Corp. (NASDAQ:AGNCN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,700 shares of the company’s stock, valued at approximately $304,000.

About AGNC Investment

AGNC Investment Corp. provides private capital to housing market in the United States. It invests in residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by the United States government-sponsored enterprise or by the United States government agency.