Dallas, Texas 08/20/2013 (Financialstrend) – Shares of American Capital Agency Corp. (NASDAQ:AGNC) had been continuously declining for the past six months of trading to report losses of around 37.41%. It could be observed from the price charts that the stock had been moving in bearish trend since April 2013 when it had moved on to touch its peaks at $36.77 per share. The company operates as a real estate investment trust with primary focus on the investments in agency mortgage backed securities on a leveraged basis.
The investments made by American Capital Agency Corp. (NASDAQ:AGNC) broadly consist of residential mortgage pass through securities and collateralized mortgage obligations for which the payment of principal and interest are assured through the government sponsored entities. Some of the government sponsored organizations which guarantee such obligations include Federal Home Loan Mortgage Corporation, Government National Mortgage Association and Federal National Mortgage Association. The REIT also involves investments in agency debenture securities which are primarily issued by Fannie Mae, Freddie Mac or the Federal Home Loan Bank. American Capital AGNC Management is responsible for the management of the REIT.
Shares of American Capital Agency Corp. (NASDAQ:AGNC) had moved down to present significant loss of 6.37% on Monday to close the session at $20.43 per share. There had been around 15.38 million shares of this company that had traded on the day, while the stock’s average level of trading remains at 6.94 million shares per day. Throughout the day, the stock had been moving to present intraday price fluctuations in the range of $20.41 to $21.94 per share. The stock’s presently recorded 52 week low is at $20.20 and 52 week high is at $36.77 per share. The company currently has 403.08 million shares being traded out in the secondary markets with the institutional owners contributing around 45% of the holdings.