Mexico Equity and Income Fund, Inc. (NYSE:MXE) Short Interest Up 48.2% in July

Mexico Equity and Income Fund, Inc. (NYSE:MXE) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 2,996 shares, a growth of 48.2% from the July 15th total of 2,022 shares. Based on an average daily volume of 3,038 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.1% of the shares of the stock are short sold.

Mexico Equity and Income Fund Price Performance

Shares of Mexico Equity and Income Fund stock opened at $13.21 on Thursday. The firm has a 50 day simple moving average of $13.21 and a 200 day simple moving average of $13.34. Mexico Equity and Income Fund has a fifty-two week low of $10.75 and a fifty-two week high of $14.30.

Institutional Investors Weigh In On Mexico Equity and Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Blue Bell Private Wealth Management LLC raised its position in shares of Mexico Equity and Income Fund by 5.3% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 68,376 shares of the investment management company’s stock worth $846,000 after acquiring an additional 3,420 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in Mexico Equity and Income Fund by 12.4% in the fourth quarter. Lazard Asset Management LLC now owns 29,695 shares of the investment management company’s stock valued at $368,000 after acquiring an additional 3,283 shares during the last quarter. Finally, Winmill & CO. Inc. acquired a new stake in Mexico Equity and Income Fund in the second quarter worth about $78,000.

Mexico Equity and Income Fund Company Profile

Mexico Equity and Income Fund, Inc (NYSE: MXE) is a closed-end management investment company that provides investors with access to Mexican securities. Established in December 1982, the Fund is designed to deliver both long-term capital appreciation and dividend income by investing primarily in equity and equity-related instruments of Mexican companies.

The Fund’s core strategy centers on broad exposure to the Mexican equity market, with an emphasis on companies listed on the Mexican Stock Exchange and other regulated venues.