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What happened to UMESX mutual fund the other day?

Just curious if anyone has any reason why Excelsior Energy & Nat Resources mutual fund (UMESX) took a nosedive (20% +) on Tuesday. It seems that the underlying funds did fine that day, but not the fund itself. Thanks

Update:

so the amount of loss will be reimbursed as a dividend? This happened yet. So far it just looks like a loss

1 Answer

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  • Anonymous
    1 decade ago
    Favorite Answer

    It went ex-dividend. That is the amount of the divident it will pay you per share.

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