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Annaly Capital Management

mREIT ETFs Sunk By American Capital Earnings

On a day that is a sea of green for most stocks and equity-based ETFs, some funds are seeing red and it is not just the inverse ETFs designed to rise when the market falls. Mortgage real estate investment trust, or mREIT, ETFs are being dragged lower by American Capital Agency (NASDAQ:AGNC) reported a quarterly loss of $557 million, or $1.57 per share, late Thursday.Shares of American Capital are tumbling seven percent Friday on volume that was more than triple the daily average with about three hours left in the trading day. Not good news for the yield-hungry investors that have been seduced by the double-digit yields sported by American Capital and its rivals.With today's haircut, American Capital has a market capitalization of about $10.4 billion. That may not sound like much, but it is enough to make the company, along with rival Annaly Capital (NYSE:NLY), the Apple (NASDAQ:AAPL) and Exxon Mobil (NYSE:XOM) of mREIT ETFs.Translation: As has been seen with Apple and ETFs, it is fine ...

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