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

Mexico Equity and Income Fund, Inc. (NYSE:MXE) saw a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 1,823 shares, a decrease of 61.6% from the May 14th total of 4,744 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 2,278 shares, the days-to-cover ratio is currently 0.8 days.

Mexico Equity and Income Fund Price Performance

Shares of MXE traded up $0.14 on Friday, hitting $13.36. The company’s stock had a trading volume of 24,778 shares, compared to its average volume of 1,940. Mexico Equity and Income Fund has a fifty-two week low of $10.03 and a fifty-two week high of $14.30. The firm’s fifty day moving average price is $13.50 and its 200-day moving average price is $13.08.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC grew its holdings 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 purchasing an additional 3,283 shares in the last quarter. Blue Bell Private Wealth Management LLC boosted its stake 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 valued at $846,000 after purchasing an additional 3,420 shares in the last quarter. Finally, City of London Investment Management Co. Ltd. boosted its stake in shares of Mexico Equity and Income Fund by 13.6% during the third quarter. City of London Investment Management Co. Ltd. now owns 940,560 shares of the investment management company’s stock valued at $11,164,000 after purchasing an additional 112,537 shares in the last quarter.

About Mexico Equity and Income Fund

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.