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NEW YORK ( TheStreet) -- Two Harbors Investment (NYSE: TWO) hit a new 52-week low Friday as it is currently trading at $9.71, below its previous 52-week low of $9.85 with 1.2 million shares traded as of 9:56 a.m. ET. Average volume has been 7.4 million shares over the past 30 days. Two Harbors Investment has a market cap of $3.75 billion and is part of the financial sector and real estate industry. Shares are down 7.8% year to date as of the close of trading on Wednesday. Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), residential mortgage loans, and other financial assets.