Short Interest in Mexico Equity & Income Fund Inc. (NYSE:MXE) Decreases By 19.0%

Mexico Equity & Income Fund Inc. (NYSE:MXE) was the target of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 5,100 shares, a drop of 19.0% from the March 31st total of 6,300 shares. Based on an average trading volume of 4,400 shares, the short-interest ratio is presently 1.2 days.

Mexico Equity & Income Fund Price Performance

MXE traded up $0.02 during trading hours on Monday, reaching $11.05. 2,268 shares of the stock traded hands, compared to its average volume of 5,322. The firm’s fifty day simple moving average is $11.19 and its two-hundred day simple moving average is $10.65. Mexico Equity & Income Fund has a fifty-two week low of $8.40 and a fifty-two week high of $11.63.

Hedge Funds Weigh In On Mexico Equity & Income Fund

An institutional investor recently raised its position in Mexico Equity & Income Fund stock. Blue Bell Private Wealth Management LLC lifted its holdings in Mexico Equity & Income Fund Inc. (NYSE:MXE) by 1.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,623 shares of the investment management company’s stock after purchasing an additional 1,102 shares during the period. Blue Bell Private Wealth Management LLC’s holdings in Mexico Equity & Income Fund were worth $678,000 at the end of the most recent reporting period.

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.