Mexico Equity & Income Fund Inc. (NYSE:MXE) Short Interest Down 79.3% in December

Mexico Equity & Income Fund Inc. (NYSE:MXE) was the recipient of a significant decrease in short interest in the month of 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 days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Mexico Equity & Income Fund

An institutional investor recently raised its position in Mexico Equity & Income Fund stock. Matisse Capital boosted its holdings in Mexico Equity & Income Fund Inc. (NYSE:MXE) by 28.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 236,000 shares of the investment management company’s stock after buying an additional 52,788 shares during the quarter. Mexico Equity & Income Fund makes up about 1.1% of Matisse Capital’s holdings, making the stock its 22nd largest position. Matisse Capital’s holdings in Mexico Equity & Income Fund were worth $2,266,000 at the end of the most recent quarter.

Mexico Equity & Income Fund Stock Down 1.8 %

Shares of NYSE:MXE traded down $0.15 during midday trading on Friday, reaching $8.19. 14,907 shares of the company’s stock were exchanged, compared to its average volume of 8,563. The firm’s 50 day simple moving average is $8.62 and its two-hundred day simple moving average is $9.09. Mexico Equity & Income Fund has a fifty-two week low of $8.19 and a fifty-two week high of $11.63.

Mexico Equity & Income Fund Cuts Dividend

The company also recently declared an annual dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be given a dividend of $0.2981 per share. The ex-dividend date of this dividend is Monday, December 23rd. This represents a dividend yield of 3.5%.

Mexico Equity & Income Fund Company Profile

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.