Down 7 cents for this week.. It began the week at 22.74. Please don't call that a sell off. Even today's move.. just down 2%? Not a selloff. It tends to move in exaggerated sympathy with mbs prices. I occasionally check the intraday value of MBG.. which holds a variety of MBS, with a WAC of 4.11%. Its top holding is a FNMA 4.5 on the run MBS.. hell I doubt it's even settled yet. But I digress..
I think people may have had a little nervousness around many mREITs due to MITT cutting their distribution when really, not too many people were expecting it (due to the large UNII). It obviously wasn't a panic sale day.. it was sort of a 'reduce exposure' day.