Mexico Equity & Income Fund Inc. (NYSE:MXE – Get Free Report) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totalling 1,400 shares, a drop of 58.8% from the June 30th total of 3,400 shares. Based on an average trading volume of 10,500 shares, the days-to-cover ratio is presently 0.1 days.
Institutional Investors Weigh In On Mexico Equity & Income Fund
A hedge fund recently raised its stake in Mexico Equity & Income Fund stock. Matisse Capital boosted its stake in Mexico Equity & Income Fund Inc. (NYSE:MXE – Free Report) by 38.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 183,212 shares of the investment management company’s stock after acquiring an additional 51,212 shares during the quarter. Mexico Equity & Income Fund accounts for about 1.1% of Matisse Capital’s portfolio, making the stock its 19th biggest holding. Matisse Capital’s holdings in Mexico Equity & Income Fund were worth $2,052,000 as of its most recent filing with the SEC.
Mexico Equity & Income Fund Price Performance
Mexico Equity & Income Fund stock traded up $0.07 during trading on Thursday, reaching $9.66. The company had a trading volume of 3,707 shares, compared to its average volume of 7,866. The firm’s 50-day simple moving average is $10.00 and its 200 day simple moving average is $10.73. Mexico Equity & Income Fund has a 1-year low of $8.40 and a 1-year high of $11.63.
About Mexico Equity & Income Fund
Mexico Equity & Income Fund Inc is a closed ended balanced mutual fund launched and managed by Pichardo Asset Management, SA de C.V. The fund invests in the fixed income and public equity markets of Mexico. It also invests some portion in the convertible securities. The fund invests in the stocks of companies operating across diversified sectors.
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