Mexico Equity & Income Fund Inc. (NYSE:MXE) Short Interest Update

Mexico Equity & Income Fund Inc. (NYSE:MXE) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 19,000 shares, a growth of 1,800.0% from the December 15th total of 1,000 shares. Based on an average daily volume of 35,500 shares, the days-to-cover ratio is presently 0.5 days.

Mexico Equity & Income Fund stock opened at $9.09 on Friday. The business has a 50 day simple moving average of $8.57 and a 200-day simple moving average of $10.34. Mexico Equity & Income Fund has a 12 month low of $7.85 and a 12 month high of $12.88.

A number of large investors have recently added to or reduced their stakes in the business. Morgan Stanley raised its position in Mexico Equity & Income Fund by 20.3% in the third quarter. Morgan Stanley now owns 6,992 shares of the investment management company’s stock worth $76,000 after acquiring an additional 1,180 shares in the last quarter. Winmill & CO. Inc. boosted its stake in shares of Mexico Equity & Income Fund by 621.1% during the second quarter. Winmill & CO. Inc. now owns 2,740 shares of the investment management company’s stock valued at $33,000 after acquiring an additional 2,360 shares during the last quarter. CSS LLC IL raised its holdings in shares of Mexico Equity & Income Fund by 19.3% in the 3rd quarter. CSS LLC IL now owns 34,137 shares of the investment management company’s stock worth $368,000 after purchasing an additional 5,529 shares during the period. Wolverine Asset Management LLC raised its holdings in shares of Mexico Equity & Income Fund by 118.5% during the 3rd quarter. Wolverine Asset Management LLC now owns 22,246 shares of the investment management company’s stock valued at $239,000 after buying an additional 12,065 shares during the period. Finally, City of London Investment Management Co. Ltd. purchased a new stake in shares of Mexico Equity & Income Fund during the 2nd quarter valued at about $953,000. Hedge funds and other institutional investors own 8.24% of the company’s stock.

About Mexico Equity & Income Fund

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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