AGNC Investment Corp. (NASDAQ:AGNCN) Sees Large Drop in Short Interest

AGNC Investment Corp. (NASDAQ:AGNCN) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 9,500 shares, a decline of 22.8% from the August 15th total of 12,300 shares. Based on an average daily volume of 16,600 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On AGNC Investment

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

AGNC Investment Stock Up 0.0 %

NASDAQ AGNCN opened at $25.99 on Monday. AGNC Investment has a 52-week low of $23.67 and a 52-week high of $26.18. The company has a fifty day moving average of $25.72 and a 200-day moving average of $25.68.

AGNC Investment Company Profile

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.