Cherry Hill Mortgage lower after IPO

|About: Cherry Hill Mortgage Inv... (CHMI)|By:, SA News Editor

Mortgage REIT fans have a new stock to look at with the IPO of Cherry Hill Mortgage (CHMI). In early trades, it's off 4.6% to $19.08 after pricing 6.5M shares at $20 each.

Relevant ETFs: REM, MORT, MORL.