Mexico Equity and Income Fund, Inc. (NYSE:MXE – Get Free Report) was the target of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 1,757 shares, a decline of 41.4% from the July 30th total of 2,996 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 3,284 shares, the short-interest ratio is currently 0.5 days.
Hedge Funds Weigh In On Mexico Equity and Income Fund
A number of institutional investors have recently modified their holdings of the company. Blue Bell Private Wealth Management LLC grew its position in 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 valued at $846,000 after buying an additional 3,420 shares during the period. Lazard Asset Management LLC grew its position in 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 worth $368,000 after acquiring an additional 3,283 shares in the last quarter. Finally, Winmill & CO. Inc. purchased a new position in shares of Mexico Equity and Income Fund during the second quarter worth approximately $78,000.
Mexico Equity and Income Fund Price Performance
NYSE:MXE traded down $0.48 during mid-day trading on Wednesday, reaching $13.12. 12,185 shares of the company’s stock were exchanged, compared to its average volume of 5,024. Mexico Equity and Income Fund has a one year low of $10.95 and a one year high of $14.30. The business’s fifty day simple moving average is $13.20 and its two-hundred day simple moving average is $13.33.
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.
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