As a guess, BV is around $17.5, but trading at that price offers a yield of 20.7%-- which is too high compared to all of the other MREITs. WMC has done the best job of managaging hedges, earnings, and dividends, so it merits trading at a premium over BV.
Yes, add that the shorts have made a big mistake and need to be covering as well, so the trading price has no where to go, but up.
I'm guessing BV is up 6% or more over last quarter and will be up another 3% to 6% in Q4 for all of the bigger mreits like NLY, AGNC, MTGE, WMC and others.. Reits such as RSO and NYMT should also see their BV rise by the same amount. We will start to see next week.