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

Mexico Equity and Income Fund, Inc. (NYSE:MXE) saw 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. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 2,278 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Trading of Mexico Equity and Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in the business. City of London Investment Management Co. Ltd. lifted its position in shares of Mexico Equity and Income Fund by 13.6% during the third 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. Blue Bell Private Wealth Management LLC lifted its position in shares of Mexico Equity and Income Fund by 5.3% during the fourth 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, Lazard Asset Management LLC lifted its position in shares of 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.

Mexico Equity and Income Fund Stock Up 1.1%

MXE traded up $0.14 during trading on Friday, reaching $13.36. The company had a trading volume of 24,778 shares, compared to its average volume of 1,940. The business has a 50 day simple moving average of $13.50 and a 200-day simple moving average of $13.08. Mexico Equity and Income Fund has a 52 week low of $10.03 and a 52 week high of $14.30.

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.