Einhorn a buyer of American Capital Agency

|By:, SA News Editor

A notable new position disclosed in Greenlight Capital's recently released 13F is a more than 5M share stake in American Capital Agency (AGNC).

It was two years ago this month when Einhorn called the mortgage REIT sector - then trading at a premium to book value - a short, noting yield-desperate Japanese investors were beginning to pull money out. The sector peaked about 3 months later, and bottomed out around the end of 2013.

Related ETFs: REM, MORT, MORL