More on Ellington Financial (EFC +3.1%) Q3 earnings: The earnings release provides a window into...

More on Ellington Financial (EFC +3.1%) Q3 earnings: The earnings release provides a window into the thinking of co-CIO and mortgage trading giant Mike Vranos (who purchased 42K shares for his own account last week). Having made out by swapping into lower-rated non-Agency MBS over the past year, the company has rung the register and moved cash into CMBS. Conference call is at 11 ET.