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

Mexico Equity and Income Fund, Inc. (NYSE:MXE) was the target of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 1,823 shares, a drop of 61.6% from the May 14th total of 4,744 shares. Based on an average daily volume of 2,278 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.0% of the company’s shares are short sold.

Mexico Equity and Income Fund Stock Up 1.1%

Shares of NYSE:MXE traded up $0.14 on Friday, hitting $13.36. 24,778 shares of the company’s stock were exchanged, compared to its average volume of 1,940. Mexico Equity and Income Fund has a 12 month low of $10.03 and a 12 month high of $14.30. The business’s 50 day simple moving average is $13.50 and its two-hundred day simple moving average is $13.08.

Institutional Trading of Mexico Equity and Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in MXE. City of London Investment Management Co. Ltd. raised its holdings in shares of Mexico Equity and Income Fund by 13.6% in the third quarter. City of London Investment Management Co. Ltd. now owns 940,560 shares of the investment management company’s stock valued at $11,164,000 after acquiring an additional 112,537 shares in the last quarter. Blue Bell Private Wealth Management LLC raised its holdings in shares of Mexico Equity and Income Fund by 5.3% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 68,376 shares of the investment management company’s stock valued at $846,000 after acquiring an additional 3,420 shares in the last quarter. Finally, Lazard Asset Management LLC raised its holdings in shares of Mexico Equity and Income Fund by 12.4% in the fourth 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.

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.