Mexico Equity and Income Fund, Inc. (NYSE:MXE – Get Free Report) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 5,240 shares, a growth of 1,005.5% from the August 31st total of 474 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 3,827 shares, the days-to-cover ratio is presently 1.4 days.
Mexico Equity and Income Fund Stock Down 2.1%
MXE stock traded down $0.28 during midday trading on Thursday, hitting $13.00. The company’s stock had a trading volume of 489 shares, compared to its average volume of 3,022. The stock’s 50-day moving average price is $13.31 and its 200 day moving average price is $13.27. Mexico Equity and Income Fund has a 1 year low of $11.11 and a 1 year high of $14.30.
Hedge Funds Weigh In On Mexico Equity and Income Fund
An institutional investor recently bought a new stake in Mexico Equity and Income Fund stock. Winmill & CO. Inc. acquired a new position in Mexico Equity and Income Fund, Inc. (NYSE:MXE – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,000 shares of the investment management company’s stock, valued at approximately $78,000. Winmill & CO. Inc. owned 0.14% of Mexico Equity and Income Fund as of its most recent filing with the Securities & Exchange Commission.
Mexico Equity and Income Fund Company Profile
Mexico Equity and Income Fund, Inc (NYSE: MXE) is a closed-end investment company focused on securities issued by companies and other entities in Mexico. The fund seeks to provide investors with current income and long-term capital appreciation through a portfolio that may include Mexican equity and debt securities.
The fund’s investments may span multiple industries and sectors of the Mexican economy. Its portfolio can include common stocks, preferred stocks, corporate debt, government securities and other income-producing instruments, giving investors access to Mexico’s capital markets through a professionally managed vehicle.
Mexico Equity and Income Fund is designed for investors seeking concentrated exposure to Mexican investments while also pursuing income generation.
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