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 decline in short interest during the month of May. As of May 29th, there was short interest totaling 1,823 shares, a decline of 61.6% from the May 14th total of 4,744 shares. Based on an average daily trading volume, of 2,278 shares, the short-interest ratio is presently 0.8 days. Approximately 0.0% of the shares of the stock are short sold.

Mexico Equity and Income Fund Trading Up 1.1%

MXE stock traded up $0.14 during trading on Friday, hitting $13.36. The stock had a trading volume of 24,778 shares, compared to its average volume of 1,940. Mexico Equity and Income Fund has a twelve month low of $10.03 and a twelve month high of $14.30. The company’s 50-day moving average price is $13.50 and its two-hundred day moving average price is $13.08.

Hedge Funds Weigh In On Mexico Equity and Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of MXE. Lazard Asset Management LLC grew its stake 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 valued at $368,000 after acquiring an additional 3,283 shares in the last quarter. Blue Bell Private Wealth Management LLC boosted its holdings in shares of 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 purchasing an additional 3,420 shares during the last quarter. Finally, City of London Investment Management Co. Ltd. boosted its holdings in shares of Mexico Equity and Income Fund by 13.6% during the 3rd quarter. City of London Investment Management Co. Ltd. now owns 940,560 shares of the investment management company’s stock worth $11,164,000 after purchasing an additional 112,537 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.