Mexico Equity & Income Fund Inc. (NYSE:MXE) Short Interest Update

Mexico Equity & Income Fund Inc. (NYSE:MXE) was the recipient of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 900 shares, a decline of 82.4% from the February 13th total of 5,100 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 13,300 shares, the short-interest ratio is presently 0.1 days.

Mexico Equity & Income Fund Stock Performance

NYSE:MXE traded up $0.04 during mid-day trading on Wednesday, reaching $8.72. The stock had a trading volume of 259 shares, compared to its average volume of 10,397. Mexico Equity & Income Fund has a one year low of $7.96 and a one year high of $11.63. The firm has a 50 day moving average price of $8.52 and a two-hundred day moving average price of $8.69.

Mexico Equity & Income Fund Cuts Dividend

The firm also recently declared an annual dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a dividend of $0.2981 per share. This represents a yield of 3.5%. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in MXE. Ancora Advisors LLC purchased a new position in Mexico Equity & Income Fund during the fourth quarter valued at $96,000. Wolverine Asset Management LLC boosted its position in shares of 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 buying an additional 14,773 shares during the last quarter. Blue Bell Private Wealth Management LLC increased its holdings in Mexico Equity & Income Fund by 4.5% in 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 buying an additional 2,748 shares in the last quarter. Finally, Shaker Financial Services LLC lifted its stake in Mexico Equity & Income Fund by 6.4% during the 4th quarter. Shaker Financial Services LLC now owns 82,712 shares of the investment management company’s stock valued at $664,000 after acquiring an additional 4,954 shares during the period.

Mexico Equity & Income Fund Company Profile

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.