Mexico Equity & Income Fund Inc. (NYSE:MXE) Sees Significant Drop in Short Interest

Mexico Equity & Income Fund Inc. (NYSE:MXEGet Free Report) was the recipient of a significant drop in short interest in February. As of February 28th, there was short interest totalling 900 shares, a drop of 82.4% from the February 13th total of 5,100 shares. Based on an average daily volume of 13,300 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Blue Bell Private Wealth Management LLC grew its stake in Mexico Equity & Income Fund by 4.5% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 64,471 shares of the investment management company’s stock valued at $518,000 after acquiring an additional 2,748 shares in the last quarter. Wolverine Asset Management LLC raised its position in shares of Mexico Equity & Income Fund by 513.3% in the fourth quarter. Wolverine Asset Management LLC now owns 17,651 shares of the investment management company’s stock worth $142,000 after buying an additional 14,773 shares in the last quarter. Ancora Advisors LLC purchased a new position in Mexico Equity & Income Fund during the fourth quarter worth about $96,000. Finally, Shaker Financial Services LLC increased its stake in Mexico Equity & Income Fund by 6.4% in the 4th quarter. Shaker Financial Services LLC now owns 82,712 shares of the investment management company’s stock worth $664,000 after acquiring an additional 4,954 shares during the last quarter.

Mexico Equity & Income Fund Price Performance

Shares of Mexico Equity & Income Fund stock traded down $0.05 during trading hours on Thursday, reaching $8.70. The company had a trading volume of 11,991 shares, compared to its average volume of 10,369. Mexico Equity & Income Fund has a one year low of $7.96 and a one year high of $11.63. The business has a fifty day simple moving average of $8.53 and a 200 day simple moving average of $8.69.

About Mexico Equity & Income Fund

(Get Free Report)

Mexico Equity & Income Fund Inc is a closed ended balanced mutual fund launched and managed by Pichardo Asset Management, SA de C.V. The fund invests in the fixed income and public equity markets of Mexico. It also invests some portion in the convertible securities. The fund invests in the stocks of companies operating across diversified sectors.

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