AGNC's $300M Volume Rises to 343rd as Strategic Capital Raise Sparks Analyst Debate

On September 9, 2025, , ranking 343rd in market activity. , featuring callable, cumulative, and perpetual depositary shares, has drawn investor attention as a strategic move to strengthen its capital base. This capital raise aligns with ongoing investor engagement efforts, including conference presentations, which have kept AGNC in the spotlight. The offering reflects management’s focus on optimizing capital structure amid evolving market conditions.

Analysts remain divided on AGNC’s valuation. A majority view suggests the stock is overvalued, citing concerns about future earnings volatility and risks tied to interest rate shifts or housing policy disruptions. However, a (DCF) model from Simply Wall St challenges this narrative, indicating potential undervaluation. , highlighting divergent perspectives on the company’s growth prospects and risk profile.

To run this back-test accurately I need to pin down two practical details that weren’t specified: 1. Universe – Which market should we scan each day to find the “top-500-by-volume” names? 2. Portfolio construction – Shall we hold the 500 stocks in equal-weight (the most typical implementation), rebalancing daily, OR weight them by something else (e.g., volume-proportional, market-cap-proportional)? If an equal-weight, U.S.-all-stocks universe is acceptable I can go ahead and set the defaults accordingly; otherwise just let me know your preference and I’ll tailor the test.