(NYSE:MXE) shares saw light trading volume with 1,543 shares changing hands on Tuesday. Overall, volume was down 83.31% under the stocks normal daily volume. Traders are feeling more bearish on shares of Mexico Equity and Income Fund, if you evaluate the increase in short interest. The company realized a rise in short interest from September 29, 2017 to October 13, 2017 of 12.33%. Short shares increased 495 over that period.
These funds have shifted positions in (MXE). City Of London Investment Management Co Ltd downsized its ownership by selling 65,431 shares a decrease of 2.2% as of 06/30/2017. City Of London Investment Management Co Ltd owns 2,930,762 shares with a value of $33,543,000. The total value of its holdings increased 2.6%. Wolverine Asset Management LLC bolstered its position by buying 51,732 shares an increase of 194.1% from 03/31/2017 to 06/30/2017. Wolverine Asset Management LLC now holds 78,382 shares valued at $895,000. The value of the position overall is up by 209.7%.
As of quarter end Thomas J. Herzfeld Advisors, Inc. had bought a total of 61,478 shares growing its stake by 175.1%. The value of the company’s investment in Mexico Equity and Income Fund, increased from $381,000 to $1,103,000 a change of 189.5% quarter to quarter. Deschutes Portfolio Strategy, LLC augmented its stake by buying 14,012 shares an increase of 16.8%. Deschutes Portfolio Strategy, LLC currently owns 97,428 shares worth $1,129,000. The total value of its holdings increased 18.5%.
The company is now up by 0.19% since yesterday’s close of $10.48. Shares are trading at $10.48 which is slightly below $11.31, the 50 day moving average and barely below the 200 day moving average of $11.46. The 50 day moving average was down by -7.36% and the 200 day average was down $-0.98.
The Mexico Equity and Income Fund, Inc. (the Fund), launched on May 24, 1990, is a closed-end, non-diversified management investment company. The Fund?s portfolio of investments includes infrastructure, media, mining, real estate development, retailing, airlines, cement, communications, industrial conglomerates, housing, and food, beverage, and tobacco..