Mexico Equity & Income Fund Inc. (NYSE:MXE) Sees Large Decrease in Short Interest

Mexico Equity & Income Fund Inc. (NYSE:MXE) was the recipient of a significant decrease in short interest in December. As of December 15th, there was short interest totalling 1,900 shares, a decrease of 79.3% from the November 30th total of 9,200 shares. Based on an average daily volume of 9,900 shares, the short-interest ratio is currently 0.2 days.

Mexico Equity & Income Fund Price Performance

Shares of MXE traded down $0.03 during trading hours on Thursday, reaching $8.35. The stock had a trading volume of 17,961 shares, compared to its average volume of 8,519. Mexico Equity & Income Fund has a 52 week low of $8.26 and a 52 week high of $11.63. The firm has a 50-day moving average of $8.65 and a 200 day moving average of $9.11.

Mexico Equity & Income Fund Cuts Dividend

The firm also recently disclosed an annual dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 23rd will be given a $0.2981 dividend. The ex-dividend date is Monday, December 23rd. This represents a dividend yield of 3.5%.

Institutional Trading of Mexico Equity & Income Fund

An institutional investor recently raised its position in Mexico Equity & Income Fund stock. Wolverine Asset Management LLC raised its position in Mexico Equity & Income Fund Inc. (NYSE:MXE) by 117.7% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 20,620 shares of the investment management company’s stock after acquiring an additional 11,149 shares during the period. Wolverine Asset Management LLC’s holdings in Mexico Equity & Income Fund were worth $198,000 as of its most recent filing with the SEC.

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.