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 target of a significant growth in short interest in 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 days-to-cover ratio is presently 1.0 days. Currently, 0.1% of the company’s stock are sold short.

Mexico Equity and Income Fund Price Performance

Shares of MXE traded down $0.20 during midday trading on Tuesday, hitting $13.20. The company had a trading volume of 2,139 shares, compared to its average volume of 5,100. The company’s 50 day moving average price is $13.20 and its 200 day moving average price is $13.35. Mexico Equity and Income Fund has a 52 week low of $10.75 and a 52 week high of $14.30.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of MXE. Blue Bell Private Wealth Management LLC grew its position in shares of Mexico Equity and Income Fund by 5.3% in 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. Lazard Asset Management LLC lifted its stake in Mexico Equity and Income Fund by 12.4% during the fourth quarter. Lazard Asset Management LLC now owns 29,695 shares of the investment management company’s stock worth $368,000 after purchasing an additional 3,283 shares during the last quarter. Finally, Winmill & CO. Inc. acquired a new position in Mexico Equity and Income Fund in the second quarter worth $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.