Mexico Equity and Income Fund, Inc. (NYSE:MXE) Sees Significant Decrease in Short Interest

Mexico Equity and Income Fund, Inc. (NYSE:MXEGet Free Report) was the recipient of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 1,757 shares, a drop of 41.4% from the July 30th total of 2,996 shares. Based on an average trading volume of 3,284 shares, the short-interest ratio is currently 0.5 days. Currently, 0.0% of the shares of the company are sold short.

Mexico Equity and Income Fund Trading Up 0.4%

NYSE:MXE traded up $0.06 during midday trading on Monday, reaching $13.46. 2,870 shares of the company traded hands, compared to its average volume of 5,020. Mexico Equity and Income Fund has a twelve month low of $10.75 and a twelve month high of $14.30. The company has a fifty day moving average price of $13.19 and a 200 day moving average price of $13.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Winmill & CO. Inc. bought a new position in Mexico Equity and Income Fund in the 2nd quarter valued at about $78,000. Lazard Asset Management LLC boosted its stake in shares of Mexico Equity and Income Fund by 12.4% during the 4th quarter. Lazard Asset Management LLC now owns 29,695 shares of the investment management company’s stock worth $368,000 after acquiring an additional 3,283 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC increased its stake in Mexico Equity and Income Fund by 5.3% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 68,376 shares of the investment management company’s stock worth $846,000 after purchasing an additional 3,420 shares in the last quarter.

About Mexico Equity and Income Fund

(Get Free Report)

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.

Further Reading

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