Mexico Equity and Income Fund, Inc. (NYSE:MXE) Short Interest Up 48.2% in July

Mexico Equity and Income Fund, Inc. (NYSE:MXE) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 2,996 shares, a growth of 48.2% from the July 15th total of 2,022 shares. Based on an average daily trading volume, of 3,038 shares, the short-interest ratio is presently 1.0 days. Approximately 0.1% of the company’s shares are short sold.

Mexico Equity and Income Fund Trading Down 0.7%

MXE stock traded down $0.10 during midday trading on Wednesday, reaching $13.12. 2,034 shares of the company’s stock traded hands, compared to its average volume of 5,069. Mexico Equity and Income Fund has a fifty-two week low of $10.75 and a fifty-two week high of $14.30. The business has a 50-day moving average price of $13.20 and a two-hundred day moving average price of $13.34.

Hedge Funds Weigh In On Mexico Equity and Income Fund

A number of hedge funds have recently made changes to their positions in the business. Blue Bell Private Wealth Management LLC boosted its position 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 purchasing an additional 3,420 shares during the period. Lazard Asset Management LLC increased its holdings in Mexico Equity and Income Fund by 12.4% in the 4th quarter. Lazard Asset Management LLC now owns 29,695 shares of the investment management company’s stock valued at $368,000 after purchasing an additional 3,283 shares in the last quarter. Finally, Winmill & CO. Inc. purchased a new position in Mexico Equity and Income Fund in the second quarter valued at about $78,000.

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.