NEW YORK ( TheStreet) -- Dynex Capital (NYSE: DX) is trading at unusually high volume Wednesday with 1.2 million shares changing hands. It is currently at 4.6 times its average daily volume and trading up 30 cents (+3.5%) at $8.90 as of 4:05 p.m. ET. Dynex has a market cap of $338 million and is part of the financial sector and real estate industry. Shares are down 21.2% year to date as of the close of trading on Tuesday. Dynex Capital, Inc., together with its subsidiaries, operates as a mortgage real estate investment trust (REIT). The company has a P/E ratio of eight, above the average real estate industry P/E ratio of 7.6 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Dynex as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally poor debt management and a generally disappointing performance in the stock itself. You can view the full Dynex Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.