Orchid Island Capital, Inc. functions as a specialized financial enterprise primarily focused on acquiring residential mortgage-backed securities (RMBS) across the United States. Specifically, the firm concentrates on "Agency RMBS," which are investment instruments guaranteed by single-family residential home loans. Its diverse portfolio of Agency RMBS includes conventional instruments like mortgage pass-through certificates and collateralized mortgage obligations. Additionally, the company holds structured Agency RMBS, such as interest-only securities, inverse interest-only securities, and principal-only securities. For federal tax purposes, Orchid Island Capital, Inc. is recognized as a real estate investment trust (REIT). The company was founded in 2010 and maintains its headquarters in Vero Beach, Florida.