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

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

Mexico Equity and Income Fund Trading Up 0.4%

NYSE:MXE traded up $0.05 during midday trading on Tuesday, reaching $13.51. The company had a trading volume of 8,371 shares, compared to its average volume of 5,044. Mexico Equity and Income Fund has a 12-month low of $10.75 and a 12-month high of $14.30. The stock’s fifty day simple moving average is $13.19 and its 200-day simple moving average is $13.33.

Hedge Funds Weigh In On Mexico Equity and Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. 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 grew its holdings in Mexico Equity and Income Fund by 5.3% during 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 acquiring an additional 3,420 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.