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

Mexico Equity and Income Fund, Inc. (NYSE:MXE) saw a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 1,757 shares, a decline of 41.4% from the July 30th total of 2,996 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 3,284 shares, the days-to-cover ratio is currently 0.5 days.

Mexico Equity and Income Fund Price Performance

Mexico Equity and Income Fund stock traded up $0.06 during trading on Monday, reaching $13.46. The company had a trading volume of 2,870 shares, compared to its average volume of 5,020. Mexico Equity and Income Fund has a 12-month low of $10.75 and a 12-month high of $14.30. The stock’s 50 day moving average price is $13.19 and its two-hundred day moving average price is $13.33.

Hedge Funds Weigh In On Mexico Equity and Income Fund

A number of hedge funds have recently made changes to their positions in MXE. Winmill & CO. Inc. acquired a new position in shares of Mexico Equity and Income Fund during the second quarter worth about $78,000. Lazard Asset Management LLC grew its holdings in 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 holdings in Mexico Equity and Income Fund by 5.3% in 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 buying an additional 3,420 shares during the last quarter.

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.