Mexico Equity and Income Fund, Inc. (NYSE:MXE) Shares Shorted: Short Interest Up 93.2% in October

Mexico Equity and Income Fund, Inc. (NYSE:MXE – Get Free Report) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 1,942 shares, an increase of 93.2% from the September 30th total of 1,005 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 3,310 shares, the days-to-cover ratio is currently 0.6 days.

Mexico Equity and Income Fund Stock Up 0.1%

Shares of MXE stock opened at $12.68 on Friday. Mexico Equity and Income Fund has a one year low of $11.41 and a one year high of $14.30. The company’s 50-day simple moving average is $13.01 and its 200-day simple moving average is $13.24.

Institutional Trading of Mexico Equity and Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of the company. City of London Investment Management Co. Ltd. lifted its holdings in Mexico Equity and Income Fund by 1.0% during the 3rd quarter. City of London Investment Management Co. Ltd. now owns 1,251,701 shares of the investment management company’s stock worth $15,633,000 after buying an additional 11,914 shares during the last quarter. Blue Bell Private Wealth Management LLC increased its holdings in shares of Mexico Equity and Income Fund by 4.8% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 74,312 shares of the investment management company’s stock valued at $928,000 after acquiring an additional 3,394 shares during the last quarter. Finally, Winmill & CO. Inc. bought a new stake in shares of Mexico Equity and Income Fund in the 2nd quarter valued at approximately $78,000.

About Mexico Equity and Income Fund

(Get Free Report)

Mexico Equity and Income Fund, Inc (NYSE:MXE) is a closed-end investment company that seeks to provide investors with current income and long-term capital appreciation. The fund invests primarily in securities of Mexican companies and other issuers with significant business or economic ties to Mexico.

Its portfolio may include Mexican common stocks, preferred stocks, and income-producing securities such as corporate and government debt. The fund may also gain exposure to Mexican companies through securities traded on U.S.

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