Chimera up big on heavy volume

|By:, SA News Editor

The mortgage REIT sector (REM +1.5%) takes a breather from heading south today, but it's a low volume effort, with one exception. Chimera Investment's (CIM +3.3%) volume of 22.7M so far this session compares to an average of 6.8M. One trader observes it's the 3rd consecutive session of heavy activity for the stock.

Investors still await audited results for 2012 from the company.

Related ETFs: MORT, MORL