Mexico Equity and Income Fund, Inc. (NYSE:MXE) Sees Significant Growth in Short Interest

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 September. As of September 15th, there was short interest totaling 5,240 shares, a growth of 1,005.5% from the August 31st total of 474 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 3,827 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Investors Weigh In On Mexico Equity and Income Fund

A hedge fund recently bought a new stake in Mexico Equity and Income Fund stock. Winmill & CO. Inc. purchased a new position in shares of Mexico Equity and Income Fund, Inc. (NYSE:MXE – Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 6,000 shares of the investment management company’s stock, valued at approximately $78,000. Winmill & CO. Inc. owned approximately 0.14% of Mexico Equity and Income Fund as of its most recent filing with the SEC.

Mexico Equity and Income Fund Stock Performance

MXE stock traded up $0.15 during trading hours on Friday, hitting $13.05. The company’s stock had a trading volume of 1,121 shares, compared to its average volume of 2,836. The stock has a 50 day moving average price of $13.31 and a two-hundred day moving average price of $13.27. Mexico Equity and Income Fund has a 12 month low of $11.11 and a 12 month high of $14.30.

Mexico Equity and Income Fund Company Profile

(Get Free Report)

Mexico Equity and Income Fund, Inc (NYSE: MXE) is a closed-end investment company focused on securities issued by companies and other entities in Mexico. The fund seeks to provide investors with current income and long-term capital appreciation through a portfolio that may include Mexican equity and debt securities.

The fund’s investments may span multiple industries and sectors of the Mexican economy. Its portfolio can include common stocks, preferred stocks, corporate debt, government securities and other income-producing instruments, giving investors access to Mexico’s capital markets through a professionally managed vehicle.

Mexico Equity and Income Fund is designed for investors seeking concentrated exposure to Mexican investments while also pursuing income generation.

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