Hatteras Financial Corp (NYSE:HTS) has seen a rise of 63,908 shares or 3.2% in the short interest. The remaining shorts are 2.2% of the total floated shares. The net short interest, as on June 15,2016, stood at 2,078,630 shares and the stocks days to cover will be 1 by factoring in the average per day volume of 1,595,459 shares. On May 31,2016, 2,014,722 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Hatteras Financial Corp (NYSE:HTS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $15.64 and $15.61 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $16.06. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.98, notching a gain of 0.95% for the day. The total traded volume was 2,559,679 . The stock had closed at $15.83 on the previous day.
The company shares have dropped -2.56% from its 1 Year high price. On Jul 8, 2015, the shares registered one year high at $17.23 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $16.24 and the 200 Day Moving Average price is recorded at $14.39.
Hatteras Financial Corp (NYSE:HTS) has tumbled 1.3% during the past week and has dropped 0.81% in the last 4 week period. In the past week, the company has outperformed the S&P 500 by 0.34% and the outperformance has advanced to 2.19% for the last 4 weeks period.
Hatteras Financial Corp. is an externally managed mortgage real estate investment trust (REIT) that invests primarily in single-family residential mortgage real estate assets, such as mortgage-backed security (MBS) and other financial assets. MBS are pass-through securities consisting of a pool of mortgage loans. The Company invests in both adjustable-rate and fixed-rate MBS. Adjustable rate mortgages (ARMs) are mortgage loans that have floating interest rates. All of its fixed-rate MBS are 10-year and 15-year amortizing fixed-rate securities. The Company has primarily invested in MBS issued or guaranteed by the United States Government agency, such as Ginnie Mae, or by the United States Government-sponsored enterprise, such as Fannie Mae or Freddie Mac. The Company is externally managed and advised by its manager, Atlantic Capital Advisors LLC (ACA).