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

Mexico Equity & Income Fund Inc. (NYSE:MXE) saw a significant drop in short interest in December. As of December 15th, there was short interest totalling 1,900 shares, a drop 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.

Mexico Equity & Income Fund Price Performance

NYSE:MXE traded down $0.15 during midday trading on Friday, hitting $8.19. 14,907 shares of the company were exchanged, compared to its average volume of 8,563. Mexico Equity & Income Fund has a fifty-two week low of $8.19 and a fifty-two week high of $11.63. The company has a fifty day simple moving average of $8.62 and a 200 day simple moving average of $9.09.

Mexico Equity & Income Fund Cuts Dividend

The company also recently announced 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. This represents a dividend yield of 3.5%. The ex-dividend date is Monday, December 23rd.

Institutional Trading of Mexico Equity & Income Fund

An institutional investor recently raised its position in Mexico Equity & Income Fund stock. Matisse Capital raised its holdings in Mexico Equity & Income Fund Inc. (NYSE:MXE) by 28.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 236,000 shares of the investment management company’s stock after purchasing an additional 52,788 shares during the quarter. Mexico Equity & Income Fund comprises approximately 1.1% of Matisse Capital’s portfolio, making the stock its 22nd largest holding. Matisse Capital’s holdings in Mexico Equity & Income Fund were worth $2,266,000 as of its most recent SEC filing.

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.