Mexico Fund, Inc. (The) (NYSE:MXF) Sees Significant Decrease in Short Interest

Mexico Fund, Inc. (The) (NYSE:MXF) was the target of a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 13,164 shares, a decline of 41.0% from the February 12th total of 22,307 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 117,566 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 117,566 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

Mexico Fund Trading Down 1.1%

Shares of MXF stock traded down $0.22 during trading on Friday, reaching $20.14. The company’s stock had a trading volume of 60,842 shares, compared to its average volume of 96,218. The stock’s 50-day moving average price is $21.64 and its 200 day moving average price is $20.10. Mexico Fund has a 1-year low of $13.10 and a 1-year high of $23.00.

Mexico Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Wednesday, April 22nd will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 7.0%. The ex-dividend date of this dividend is Wednesday, April 22nd.

Insider Buying and Selling

In other news, major shareholder Saba Capital Management, L.P. acquired 4,480 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The shares were purchased at an average price of $21.34 per share, for a total transaction of $95,603.20. Following the acquisition, the insider owned 1,735,101 shares of the company’s stock, valued at $37,027,055.34. This represents a 0.26% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard B. Vaughan sold 2,500 shares of the firm’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $22.34, for a total value of $55,850.00. Following the transaction, the director owned 6,000 shares of the company’s stock, valued at $134,040. This trade represents a 29.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders bought a total of 89,965 shares of company stock worth $1,907,762 over the last three months. Insiders own 2.69% of the company’s stock.

Institutional Trading of Mexico Fund

A number of large investors have recently modified their holdings of the stock. City of London Investment Management Co. Ltd. raised its stake in shares of Mexico Fund by 9.3% in the second quarter. City of London Investment Management Co. Ltd. now owns 3,608,772 shares of the investment management company’s stock valued at $63,406,000 after acquiring an additional 305,864 shares in the last quarter. SFI Advisors LLC grew its stake in Mexico Fund by 4.6% during the 2nd quarter. SFI Advisors LLC now owns 137,928 shares of the investment management company’s stock worth $2,423,000 after purchasing an additional 6,121 shares in the last quarter. Scotia Capital Inc. purchased a new stake in Mexico Fund during the 2nd quarter worth about $196,000. Quantedge Capital Pte Ltd increased its holdings in Mexico Fund by 3.7% during the 2nd quarter. Quantedge Capital Pte Ltd now owns 130,134 shares of the investment management company’s stock worth $2,286,000 after purchasing an additional 4,650 shares during the period. Finally, Calamos Advisors LLC raised its position in Mexico Fund by 21.7% in the 3rd quarter. Calamos Advisors LLC now owns 14,201 shares of the investment management company’s stock valued at $280,000 after purchasing an additional 2,535 shares in the last quarter.

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.