INVESCO MORTGAGE CAPITAL INC (IVR) : The conviction of the bears is waning as is visible by the drop in the short positions from Jul 29, 2016, to August 15, 2016. The total outstanding shorts decreased from 3,200,977 to 3,078,573 shares, with 3 days to go before the expiry. The short open interest has decreased by -3.8%, amounting to a reduction of -122,404 shares. Only a handful of traders believe that the stock has a large downside from current levels, as seen in the low short interest of 2.8% of the float of the company. The average daily volume of the stock is 885,765 shares. The short interest information was released on Wednesday Aug 24th after the market close.
INVESCO MORTGAGE CAPITAL INC (NYSE:IVR): The stock opened at $15.60 on Wednesday but the bulls could not build on the opening and the stock topped out at $15.67 for the day. The stock traded down to $15.51 during the day, due to lack of any buying support eventually closed down at $15.53 with a loss of -0.64% for the day. The stock had closed at $15.63 on the previous day. The total traded volume was 449,269 shares.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (CIO) of Invesco Mortgage Capital Inc., Anzalone John, had purchased 4,000 shares in a transaction dated on May 17, 2016. The transaction was executed at $14.18 per share with total amount equaling $56,720.
Invesco Mortgage Capital Inc. is a holding company. The Company is a real estate investment trust (REIT). The Company is focused on investing in, financing and managing residential and commercial mortgage-backed securities (MBS) and mortgage loans. It invests in residential mortgage-backed securities (RMBS) (collectively Agency RMBS), RMBS that are not guaranteed by a United States Government agency (non-Agency RMBS), credit risk transfer securities issued by Government-sponsored enterprises (GSE CRT), commercial mortgage-backed securities (CMBS), residential and commercial mortgage loans, and other real estate-related financing arrangements. The Company generally finances its investments through short and long-term borrowings structured as repurchase agreements and secured loans. It finances its residential loans held-for-investment through asset-backed securities (ABS) issued by consolidated securitization trusts. The Company is managed by Invesco Advisers, Inc.