Mexico Equity and Income Fund, Inc. (NYSE:MXE - Get Free Report) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 20,500 shares, an increase of 58.9% from the August 15th total of 12,900 shares. Based on an average daily volume of 13,800 shares, the short-interest ratio is presently 1.5 days. Approximately 0.5% of the company's shares are sold short. Approximately 0.5% of the company's shares are sold short. Based on an average daily volume of 13,800 shares, the short-interest ratio is presently 1.5 days.
Institutional Investors Weigh In On Mexico Equity and Income Fund
Several hedge funds have recently modified their holdings of MXE. City of London Investment Management Co. Ltd. lifted its holdings in shares of Mexico Equity and Income Fund by 32.7% during the second quarter. City of London Investment Management Co. Ltd. now owns 828,023 shares of the investment management company's stock valued at $8,669,000 after purchasing an additional 204,155 shares during the last quarter. Wolverine Asset Management LLC boosted its position in Mexico Equity and Income Fund by 60.4% during the 1st quarter. Wolverine Asset Management LLC now owns 28,319 shares of the investment management company's stock worth $247,000 after acquiring an additional 10,668 shares during the period. Finally, Signaturefd LLC acquired a new stake in Mexico Equity and Income Fund during the 2nd quarter worth about $26,000.
Mexico Equity and Income Fund Trading Up 0.2%
Shares of NYSE MXE traded up $0.02 during mid-day trading on Friday, hitting $11.73. 2,505 shares of the company traded hands, compared to its average volume of 10,614. Mexico Equity and Income Fund has a 1 year low of $7.96 and a 1 year high of $11.78. The business has a 50 day moving average of $11.02 and a two-hundred day moving average of $10.06.
About Mexico Equity and 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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