Mexico Equity & Income Fund (NYSE:MXE) Share Price Passes Below 200 Day Moving Average of $10.06

Mexico Equity & Income Fund Inc. (NYSE:MXE) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.06 and traded as low as $9.14. Mexico Equity & Income Fund shares last traded at $9.31, with a volume of 6,992 shares changing hands.

Mexico Equity & Income Fund Stock Up 2.1 %

The business has a fifty day simple moving average of $9.16 and a 200 day simple moving average of $10.06.

Hedge Funds Weigh In On Mexico Equity & Income Fund

An institutional investor recently raised its position in Mexico Equity & Income Fund stock. Wolverine Asset Management LLC lifted its holdings in shares of Mexico Equity & Income Fund Inc. (NYSE:MXE) by 117.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,620 shares of the investment management company’s stock after purchasing 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.