Mexico Equity & Income Fund Inc. (NYSE:MXE) Short Interest Update

Posted by Stuart Ham on Feb 13th, 2025

Mexico Equity & Income Fund Inc. (NYSE:MXE – Get Free Report) saw a significant drop in short interest in January. As of January 31st, there was short interest totalling 400 shares, a drop of 80.0% from the January 15th total of 2,000 shares. Based on an average trading volume of 14,400 shares, the short-interest ratio is currently 0.0 days.

Mexico Equity & Income Fund Stock Up 0.2 %

Shares of MXE traded up $0.02 during trading hours on Wednesday, reaching $8.84. 5,821 shares of the company traded hands, compared to its average volume of 18,251. Mexico Equity & Income Fund has a 12-month low of $7.96 and a 12-month high of $11.63. The stock’s fifty day moving average price is $8.39 and its 200 day moving average price is $8.77.

Mexico Equity & Income Fund Cuts Dividend

The firm also recently announced an annual dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a dividend of $0.2981 per share. This represents a yield of 3.5%. The ex-dividend date was Monday, December 23rd.

Institutional Trading of Mexico Equity & Income Fund

An institutional investor recently raised its position in Mexico Equity & Income Fund stock. Wolverine Asset Management LLC grew its position in shares of Mexico Equity & Income Fund Inc. (NYSE:MXE – Free Report) by 513.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,651 shares of the investment management company’s stock after purchasing an additional 14,773 shares during the quarter. Wolverine Asset Management LLC owned approximately 0.40% of Mexico Equity & Income Fund worth $142,000 as of its most recent SEC filing.

About Mexico Equity & Income Fund

(Get Free Report)

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.