Mexico Equity and Income Fund, Inc. (NYSE:MXE – Get Free Report) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 1,942 shares, a growth of 93.2% from the September 30th total of 1,005 shares. Based on an average daily trading volume, of 3,310 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.0% of the company’s shares are sold short.
Institutional Trading of Mexico Equity and Income Fund
Several institutional investors have recently modified their holdings of MXE. City of London Investment Management Co. Ltd. grew its position in Mexico Equity and Income Fund by 1.0% during the 3rd quarter. City of London Investment Management Co. Ltd. now owns 1,251,701 shares of the investment management company’s stock worth $15,633,000 after purchasing an additional 11,914 shares during the last quarter. Winmill & CO. Inc. acquired a new position in Mexico Equity and Income Fund in the 2nd quarter valued at $78,000. Finally, Blue Bell Private Wealth Management LLC lifted its holdings in shares of Mexico Equity and Income Fund by 4.8% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 74,312 shares of the investment management company’s stock worth $928,000 after acquiring an additional 3,394 shares during the period.
Mexico Equity and Income Fund Price Performance
MXE opened at $12.84 on Tuesday. Mexico Equity and Income Fund has a 12-month low of $11.41 and a 12-month high of $14.30. The stock’s 50-day moving average price is $13.00 and its 200 day moving average price is $13.24.
About Mexico Equity and Income Fund
Mexico Equity and Income Fund, Inc (NYSE:MXE) is a closed-end investment company that seeks to provide investors with current income and long-term capital appreciation. The fund invests primarily in securities of Mexican companies and other issuers with significant business or economic ties to Mexico.
Its portfolio may include Mexican common stocks, preferred stocks, and income-producing securities such as corporate and government debt. The fund may also gain exposure to Mexican companies through securities traded on U.S.
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