Mexico Fund, Inc. (The) (NYSE:MXF) Sees Large Decline in Short Interest

Mexico Fund, Inc. (The) (NYSE:MXF) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 2,840 shares, a decrease of 65.1% from the November 30th total of 8,145 shares. Based on an average daily volume of 56,478 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 56,478 shares, the short-interest ratio is currently 0.1 days.

Mexico Fund Trading Up 0.1%

Shares of Mexico Fund stock traded up $0.02 on Friday, reaching $20.66. The stock had a trading volume of 29,980 shares, compared to its average volume of 55,739. The business’s 50 day moving average is $19.44 and its two-hundred day moving average is $18.54. Mexico Fund has a 1 year low of $13.10 and a 1 year high of $20.79.

Mexico Fund Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 29th. Shareholders of record on Wednesday, January 21st will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend is Wednesday, January 21st. This is a positive change from Mexico Fund’s previous quarterly dividend of $0.25.

Insider Buying and Selling

In other Mexico Fund news, major shareholder Saba Capital Management, L.P. bought 47,273 shares of the business’s stock in a transaction on Tuesday, November 18th. The stock was purchased at an average price of $19.15 per share, for a total transaction of $905,277.95. Following the completion of the transaction, the insider directly owned 1,597,698 shares of the company’s stock, valued at $30,595,916.70. This trade represents a 3.05% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders purchased a total of 154,832 shares of company stock valued at $3,031,230 in the last quarter. 2.69% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Mexico Fund

A number of institutional investors and hedge funds have recently made changes to their positions in MXF. Blue Bell Private Wealth Management LLC boosted its stake in Mexico Fund by 92.3% during the third quarter. Blue Bell Private Wealth Management LLC now owns 2,500 shares of the investment management company’s stock valued at $49,000 after buying an additional 1,200 shares during the period. Scotia Capital Inc. purchased a new stake in shares of Mexico Fund in the 2nd quarter valued at about $196,000. Alpine Global Management LLC purchased a new stake in shares of Mexico Fund in the 3rd quarter valued at about $265,000. Calamos Advisors LLC boosted its position in shares of Mexico Fund by 21.7% during the 3rd quarter. Calamos Advisors LLC now owns 14,201 shares of the investment management company’s stock valued at $280,000 after acquiring an additional 2,535 shares during the last quarter. Finally, North Ground Capital purchased a new position in shares of Mexico Fund during the third quarter worth about $608,000.

Mexico Fund Company Profile

The Mexico Fund, Inc (NYSE: MXF) is a closed-end management investment company that seeks long-term capital appreciation through exposure to Mexican securities. The fund primarily invests in equity instruments of companies organized or principally operating in Mexico, spanning a range of sectors such as financial services, consumer goods, industrials and energy. It may also allocate portions of its portfolio to fixed-income securities, including government and corporate bonds, when attractive opportunities arise.

Launched in 1991 and incorporated under Maryland law, The Mexico Fund offers U.S.