Mexico Equity and Income Fund, Inc. (NYSE:MXE – Get Free Report) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 5,240 shares, an increase 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 daily trading volume, of 3,827 shares, the days-to-cover ratio is currently 1.4 days.
Institutional Investors Weigh In On Mexico Equity and Income Fund
A hedge fund recently bought a new position in Mexico Equity and Income Fund stock. Winmill & CO. Inc. bought a new position in shares of Mexico Equity and Income Fund, Inc. (NYSE:MXE – Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 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 SEC filing.
Mexico Equity and Income Fund Stock Down 2.1%
Shares of NYSE MXE traded down $0.28 during trading on Thursday, reaching $13.00. 489 shares of the stock traded hands, compared to its average volume of 3,022. Mexico Equity and Income Fund has a 52-week low of $11.11 and a 52-week high of $14.30. The company has a 50-day moving average of $13.31 and a 200-day moving average of $13.27.
About Mexico Equity and Income Fund
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.
See Also
- Five stocks we like better than Mexico Equity and Income Fund
- Hims & Hers Slides Nearly 7% as Legal Pressure Adds to Its Growing List of Risks
- Paychex Plunges, Providing the Entry Investors Have Been Waiting For
- The Case for Buying High-Yield General Mills Just Strengthened
- SanDisk’s $1,800 Breakout Turns Memory Hardware Into a Profit Story
Receive News & Ratings for Mexico Equity and Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mexico Equity and Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.
