Short Interest in Mexico Equity & Income Fund Inc. (NYSE:MXE) Decreases By 41.1%

Mexico Equity & Income Fund Inc. (NYSE:MXE) was the recipient of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 7,300 shares, a decline of 41.1% from the October 31st total of 12,400 shares. Based on an average daily trading volume, of 10,600 shares, the days-to-cover ratio is currently 0.7 days.

Mexico Equity & Income Fund Trading Up 0.7 %

MXE traded up $0.05 on Thursday, hitting $8.33. 7,791 shares of the company’s stock were exchanged, compared to its average volume of 8,507. The firm has a 50-day moving average price of $8.91 and a 200-day moving average price of $9.40. Mexico Equity & Income Fund has a fifty-two week low of $8.26 and a fifty-two week high of $11.63.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Mexico Equity & Income Fund stock. Matisse Capital grew its holdings in shares of Mexico Equity & Income Fund Inc. (NYSE:MXE) by 28.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 236,000 shares of the investment management company’s stock after buying an additional 52,788 shares during the period. Mexico Equity & Income Fund accounts for about 1.1% of Matisse Capital’s holdings, making the stock its 22nd largest holding. Matisse Capital’s holdings in Mexico Equity & Income Fund were worth $2,266,000 as of its most recent SEC filing.

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.