Ellington Financial (EFC) Shares Cross Below Book Value

In trading on Wednesday, shares of Ellington Financial LLC ( EFC) crossed below their last reported book value — defined as common shareholder equity per share — of $24.53, changing hands as low as $23.51 per share. Ellington Financial LLC shares are currently trading off about 4.3% on the day. The chart below shows the one year performance of EFC shares, versus its 50 and 200 day moving averages:

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Ellington Financial LLC Moving Averages Chart

Looking at the chart above, EFC's low point in its 52 week range is $21.12 per share, with $25.58 as the 52 week high point — that compares with a last trade of $23.53.

According to the ETF Finder at ETF Channel, EFC makes up 1.73% of the SuperDividend U.S. ETF ( DIV) which is trading relatively unchanged on the day Wednesday.

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