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The Fund's investment objective is to seek high total return through capital appreciation and current income by investing at least 80% of the Fund’s assets in equity and convertible securities issued by Mexican companies and debt securities of Mexican issuers.
Mexico Equity & Income trades on the NYSE stock market under the symbol MXE.
As of April 24, 2024, MXE stock price climbed to $11.01 with 3,996 million shares trading.
MXE has a market cap of $48.44 million. This is considered a Sub-Micro Cap stock.
In the last 3 years, MXE stock traded as high as $12.88 and as low as $7.26.
MXE has underperformed the market in the last year with a price return of +13.8% while the SPY ETF gained +24.1%. MXE has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +2.9% and -4.1%, respectively, while the SPY returned +4.5% and -2.8%, respectively.
MXE support price is $10.85 and resistance is $11.15 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MXE stock will trade within this expected range on the day.