Saba Capital Buys 39,044 MXF Shares for $787K, Lifting Stake to 2.46M
MXE is trading near its 52-week low of $11.11 (14% above the low) on light trading volume (0.2× avg).
Summary
Saba Capital bought 39,044 MXF shares for $787,182.63 at $20.10-$20.25, lifting its holdings to 2,464,825 shares — the largest add in its recent accumulation run.
Key Events · Ownership and Investor Activity · MXE
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Saba Adds 39,044 MXF Shares
Saba Capital bought 39,044 shares for $787,182.63 across three transactions on 2026-10-29 and 2026-10-30 at $20.10-$20.25.
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Holdings Rise to 2,464,825 Shares
Post-transaction holdings reached 2,464,825 shares, up from 2,424,660 shares after the prior 2026-10-23 purchase.
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Largest Add in October Run
At $787,182.63, the purchase is larger than the prior October buys of $254,285, $327,435 and $40,280, continuing the accumulation pattern.
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Purchase Price Above Current Quote
Shares were bought at $20.10-$20.25 versus the $12.71 price as of 2026-11-02, a factual gap between the transaction price and today's quote.
Analysis · MXE · Unknown
Saba Capital, a 10% owner, bought 39,044 shares of Mexico Equity & Income Fund for $787,182.63 at $20.10-$20.25, raising its holdings to 2,464,825 shares. That makes this the largest single add in the recent pattern, following purchases of 12,791, 16,035 and 2,000 shares in October. Because the buying is real money out of pocket rather than an option exercise, it shows the fund manager is still accumulating the closed-end fund's shares.
How filings like this one have moved
In the 30 days to Nov 2, 2026, 32.7% of the 1910 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, MXE was trading at $12.71 on NYSE in the Unknown sector, with a market capitalization of approximately $55.3M. The 52-week trading range was $11.11 to $14.30. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.