Short Interest in Mexico Equity & Income Fund Inc. (NYSE:MXE) Increases By 400.0%

Mexico Equity & Income Fund Inc. (NYSE:MXE) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totalling 5,000 shares, an increase of 400.0% from the March 15th total of 1,000 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 11,900 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Ancora Advisors LLC purchased a new position in Mexico Equity & Income Fund in the fourth quarter valued at about $96,000. Wolverine Asset Management LLC increased its stake in Mexico Equity & Income Fund by 513.3% during the fourth quarter. Wolverine Asset Management LLC now owns 17,651 shares of the investment management company’s stock valued at $142,000 after purchasing an additional 14,773 shares during the last quarter. Blue Bell Private Wealth Management LLC raised its position in shares of Mexico Equity & Income Fund by 4.5% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 64,471 shares of the investment management company’s stock worth $518,000 after purchasing an additional 2,748 shares during the period. Finally, Shaker Financial Services LLC lifted its stake in Mexico Equity & Income Fund by 6.4% in the fourth quarter. Shaker Financial Services LLC now owns 82,712 shares of the investment management company’s stock valued at $664,000 after buying an additional 4,954 shares during the last quarter.

Mexico Equity & Income Fund Trading Up 0.5 %

Mexico Equity & Income Fund stock traded up $0.04 during midday trading on Wednesday, hitting $8.87. 5,629 shares of the company’s stock were exchanged, compared to its average volume of 10,379. Mexico Equity & Income Fund has a 12-month low of $7.96 and a 12-month high of $11.33. The firm’s 50 day simple moving average is $8.76 and its 200 day simple moving average is $8.65.

About Mexico Equity & Income Fund

Mexico Equity & Income Fund Inc is a closed ended balanced mutual fund launched and managed by Pichardo Asset Management, SA de C.V. The fund invests in the fixed income and public equity markets of Mexico. It also invests some portion in the convertible securities. The fund invests in the stocks of companies operating across diversified sectors.