Mexico Equity and Income Fund, Inc. (NYSE:MXE – Get Free Report) was the target of a significant increase in short interest in 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. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 3,827 shares, the days-to-cover ratio is currently 1.4 days.
Institutional Trading of Mexico Equity and Income Fund
A hedge fund recently bought a new stake in Mexico Equity and Income Fund stock. Winmill & CO. Inc. purchased 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 filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,000 shares of the investment management company’s stock, valued at approximately $78,000. Winmill & CO. Inc. owned approximately 0.14% of Mexico Equity and Income Fund as of its most recent filing with the Securities and Exchange Commission (SEC).
Mexico Equity and Income Fund Trading Up 2.1%
MXE traded up $0.27 during midday trading on Friday, hitting $13.16. The company had a trading volume of 1,057 shares, compared to its average volume of 4,909. 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 52 week low of $11.11 and a 52 week high of $14.30.
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.
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