Mexico Equity and Income Fund, Inc. (NYSE:MXE) Shares Shorted: Short Interest Up 93.2% in October

Key Points

• Short interest nearly doubled: Shares shorted rose 93.2% to 1,942 as of October 15, up from 1,005 at the end of September. The short-interest ratio was 0.6 days based on average daily trading volume.
• MXE shares opened at $12.68: The fund’s stock has traded between $11.41 and $14.30 over the past year, with 50-day and 200-day moving averages of $13.01 and $13.24, respectively.
• Institutional ownership increased: City of London Investment Management raised its stake by 1.0% to 1.25 million shares, while Blue Bell Private Wealth Management increased its holdings by 4.8%; Winmill & Co. also initiated a new position.

Mexico Equity and Income Fund, Inc. (NYSE:MXE - Get Free Report) was the recipient of a significant growth in short interest during the month of 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. Approximately 0.0% of the company's stock are short sold. Based on an average daily volume of 3,310 shares, the short-interest ratio is currently 0.6 days.

Mexico Equity and Income Fund Price Performance

Shares of MXE opened at $12.68 on Friday. Mexico Equity and Income Fund has a one year low of $11.41 and a one year high of $14.30. The stock has a 50-day moving average price of $13.01 and a 200 day moving average price of $13.24.

Hedge Funds Weigh In On Mexico Equity and Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in the business. Winmill & CO. Inc. bought a new stake in shares of Mexico Equity and Income Fund in the second quarter worth $78,000. Blue Bell Private Wealth Management LLC boosted its stake in 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 valued at $928,000 after acquiring an additional 3,394 shares during the last quarter. Finally, City of London Investment Management Co. Ltd. boosted its stake 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 valued at $15,633,000 after acquiring an additional 11,914 shares during the last quarter.

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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