RTTNews | Dec 13, 2021 12:42PM EST

12:41 Monday, December 13, 2021 (RTTNews.com) - Connecticut-based real estate company, Ellington Residential Mortgage REIT (EARN), saw its stock trading 6% lower on Monday although the company has not reported any corporate-related news to move the stock.

The company specializes in residential mortgages and real-estate-based assets. In the past 6 months, the company has depleted by almost 23% on the market. After a 5-day uptick earlier this month, Ellington has fallen steeply to the lowest in 12 months.

The stock is trading hands at $10.39, down $0.68 or 6.14% since the previous close at $11.07. The stock opened at $11.07 in the morning. In the 52-week period, the stock has ranged between $10.37 and $13.92 per share.

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