Mexico Equity and Income Fund, Inc. (NYSE:MXE) Short Interest Up 48.2% in July

Mexico Equity and Income Fund, Inc. (NYSE:MXE) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 2,996 shares, an increase of 48.2% from the July 15th total of 2,022 shares. Based on an average trading volume of 3,038 shares, the short-interest ratio is presently 1.0 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Lazard Asset Management LLC increased its holdings in shares of Mexico Equity and Income Fund by 12.4% during the fourth quarter. Lazard Asset Management LLC now owns 29,695 shares of the investment management company’s stock valued at $368,000 after purchasing an additional 3,283 shares during the period. Winmill & CO. Inc. acquired a new position in Mexico Equity and Income Fund during the 2nd quarter valued at about $78,000. Finally, Blue Bell Private Wealth Management LLC raised its position in shares of Mexico Equity and Income Fund by 5.3% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 68,376 shares of the investment management company’s stock worth $846,000 after buying an additional 3,420 shares in the last quarter.

Mexico Equity and Income Fund Price Performance

NYSE MXE traded down $0.20 on Tuesday, hitting $13.20. The stock had a trading volume of 2,139 shares, compared to its average volume of 5,100. The company’s 50-day moving average is $13.20 and its two-hundred day moving average is $13.35. Mexico Equity and Income Fund has a one year low of $10.75 and a one year high of $14.30.

About Mexico Equity and Income Fund

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.