Mexico Equity & Income Fund (NYSE:MXE) Share Price Crosses Below 200-Day Moving Average of $10.14

Shares of Mexico Equity & Income Fund Inc. (NYSE:MXE) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.14 and traded as low as $9.01. Mexico Equity & Income Fund shares last traded at $9.22, with a volume of 18,147 shares changing hands.

Mexico Equity & Income Fund Price Performance

The firm has a fifty day moving average of $9.23 and a 200 day moving average of $10.14.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Mexico Equity & Income Fund stock. Wolverine Asset Management LLC boosted its stake in shares of Mexico Equity & Income Fund Inc. (NYSE:MXE) by 117.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,620 shares of the investment management company’s stock after buying an additional 11,149 shares during the quarter. Wolverine Asset Management LLC’s holdings in Mexico Equity & Income Fund were worth $198,000 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.