Short Interest in Mexico Equity & Income Fund Inc. (NYSE:MXE) Increases By 1,175.0%

Mexico Equity & Income Fund Inc. (NYSE:MXE) was the target of a significant growth in short interest in February. As of February 15th, there was short interest totalling 5,100 shares, a growth of 1,175.0% from the January 31st total of 400 shares. Based on an average daily trading volume, of 13,900 shares, the days-to-cover ratio is presently 0.4 days.

Mexico Equity & Income Fund Stock Performance

Mexico Equity & Income Fund stock opened at $8.80 on Friday. Mexico Equity & Income Fund has a 12 month low of $7.96 and a 12 month high of $11.63. The business has a 50 day simple moving average of $8.46 and a 200-day simple moving average of $8.74.

Mexico Equity & Income Fund Cuts Dividend

The firm also recently disclosed an annual dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a $0.2981 dividend. This represents a dividend yield of 3.5%. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Trading of Mexico Equity & Income Fund

A number of institutional investors have recently made changes to their positions in MXE. Ancora Advisors LLC acquired a new stake in shares of Mexico Equity & Income Fund in the fourth quarter worth approximately $96,000. Wolverine Asset Management LLC boosted its stake in shares of Mexico Equity & Income Fund by 513.3% in the fourth quarter. Wolverine Asset Management LLC now owns 17,651 shares of the investment management company’s stock worth $142,000 after acquiring an additional 14,773 shares during the last quarter. Blue Bell Private Wealth Management LLC boosted its stake in shares of Mexico Equity & Income Fund by 4.5% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 64,471 shares of the investment management company’s stock worth $518,000 after acquiring an additional 2,748 shares during the last quarter. Finally, Shaker Financial Services LLC boosted its stake in shares of Mexico Equity & Income Fund by 6.4% in the fourth quarter. Shaker Financial Services LLC now owns 82,712 shares of the investment management company’s stock worth $664,000 after acquiring an additional 4,954 shares during the last quarter.

Mexico Equity & Income Fund Company Profile

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.