Mexico Equity & Income Fund Inc. (NYSE:MXE – Get Rating) saw a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 4,400 shares, a decrease of 24.1% from the November 15th total of 5,800 shares. Based on an average daily volume of 10,400 shares, the short-interest ratio is currently 0.4 days.
Hedge Funds Weigh In On Mexico Equity & Income Fund
Several hedge funds have recently added to or reduced their stakes in MXE. Shaker Financial Services LLC acquired a new stake in shares of Mexico Equity & Income Fund in the second quarter valued at approximately $133,000. Clough Capital Partners L P acquired a new stake in Mexico Equity & Income Fund in the third quarter valued at $205,000. Lazard Asset Management LLC lifted its holdings in Mexico Equity & Income Fund by 36.9% in the first quarter. Lazard Asset Management LLC now owns 26,196 shares of the investment management company's stock valued at $239,000 after acquiring an additional 7,060 shares during the period. Wolverine Asset Management LLC lifted its holdings in Mexico Equity & Income Fund by 3.3% in the third quarter. Wolverine Asset Management LLC now owns 42,228 shares of the investment management company's stock valued at $318,000 after acquiring an additional 1,348 shares during the period. Finally, Blue Bell Private Wealth Management LLC lifted its holdings in Mexico Equity & Income Fund by 3.4% in the third quarter. Blue Bell Private Wealth Management LLC now owns 61,469 shares of the investment management company's stock valued at $464,000 after acquiring an additional 2,021 shares during the period. 79.78% of the stock is currently owned by hedge funds and other institutional investors.
Get Mexico Equity & Income Fund alerts:Mexico Equity & Income Fund Stock Performance
Mexico Equity & Income Fund stock traded down $0.14 during mid-day trading on Thursday, hitting $8.78. The company had a trading volume of 14,291 shares, compared to its average volume of 10,516. Mexico Equity & Income Fund has a 1 year low of $7.26 and a 1 year high of $9.44. The business has a fifty day moving average of $8.52 and a 200 day moving average of $8.17.
About Mexico Equity & Income Fund
(Get Rating)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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