Mexico Equity and Income Fund, Inc. (NYSE:MXE) Stock Short Interest Jumps 93.2%

Mexico Equity and Income Fund, Inc. (NYSE:MXE) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 1,942 shares, an increase of 93.2% from the September 30th total of 1,005 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 3,310 shares, the short-interest ratio is presently 0.6 days.

Institutional Investors Weigh In On Mexico Equity and Income Fund

Several large investors have recently bought and sold shares of MXE. Blue Bell Private Wealth Management LLC increased its position in shares of Mexico Equity and Income Fund by 4.8% in 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 purchasing an additional 3,394 shares during the last quarter. Winmill & CO. Inc. acquired a new stake in Mexico Equity and Income Fund in the second quarter valued at $78,000. Finally, City of London Investment Management Co. Ltd. lifted its holdings 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 worth $15,633,000 after buying an additional 11,914 shares during the last quarter.

Mexico Equity and Income Fund Stock Up 1.2%

Shares of Mexico Equity and Income Fund stock traded up $0.15 during trading hours on Monday, reaching $12.71. 1,879 shares of the company were exchanged, compared to its average volume of 2,903. Mexico Equity and Income Fund has a 1 year low of $11.41 and a 1 year high of $14.30. The stock’s fifty day moving average is $13.01 and its 200 day moving average is $13.24.

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.