Significant Increase in Short Interest for AGNC Investment Corp.

AGNC Investment Corp. (NASDAQ:AGNCN) experienced a noteworthy rise in short interest during September 2024. As per the latest data, short interest amounted to 24,600 shares as of September 30th, marking a remarkable 127.8% increase from the 10,800 shares reported on September 15th. With an average daily trading volume of 22,600 shares, this short-interest level translates to a ratio of 1.1 days.

Recent Institutional Activity

In recent trading activity, Cove Street Capital LLC has acquired a new stake in AGNC Investment Corp. According to their latest 13F filing with the SEC, the hedge fund purchased 11,700 shares valued at around $304,000 in the second quarter.

Current Trading Status

As of the market opening on Friday, AGNCN shares were priced at $25.45. The stock has fluctuated over the past year, with a low of $23.67 and a high of $26.08. Furthermore, the moving averages indicate a fifty-day average price of $25.70 and a 200-day average of $25.67.

Dividend Announcement

AGNC Investment has also announced an increase in its quarterly dividend, scheduled for payout on October 15th. Shareholders who were on record as of October 1st will receive a dividend of $0.681 per share, which is an annualized dividend of $2.72 and reflects a yield of 10.70%. This represents an increase from the previous dividend of $0.68, which is favorable for current investors.

About AGNC Investment Corp.

AGNC Investment Corp. is involved in providing private capital to the housing market in the United States. The company invests primarily in residential mortgage pass-through securities and collateralized mortgage obligations, with guaranteed principal and interest payments by government-sponsored enterprises or U.S. government agencies.

investment, stocks, dividend