Mexico Fund, Inc. (The) (NYSE:MXF) Short Interest Up 95.0% in May

Mexico Fund, Inc. (The) (NYSE:MXF) saw a significant increase in short interest in May. As of May 29th, there was short interest totaling 16,098 shares, an increase of 95.0% from the May 14th total of 8,256 shares. Based on an average daily trading volume, of 57,405 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are sold short.

Insider Buying and Selling at Mexico Fund

In other Mexico Fund news, major shareholder Saba Capital Management, L.P. bought 100,000 shares of the firm’s stock in a transaction on Wednesday, April 22nd. The stock was acquired at an average price of $21.83 per share, with a total value of $2,183,000.00. Following the completion of the purchase, the insider owned 1,884,830 shares of the company’s stock, valued at approximately $41,145,838.90. This trade represents a 5.60% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have purchased a total of 443,607 shares of company stock worth $9,691,407 over the last ninety days. 2.69% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Mexico Fund

A number of institutional investors and hedge funds have recently made changes to their positions in MXF. Farther Finance Advisors LLC increased its position in shares of Mexico Fund by 775.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,348 shares of the investment management company’s stock valued at $27,000 after acquiring an additional 1,194 shares in the last quarter. Blue Bell Private Wealth Management LLC increased its position in shares of Mexico Fund by 109.4% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 5,235 shares of the investment management company’s stock valued at $105,000 after acquiring an additional 2,735 shares in the last quarter. Alpine Global Management LLC bought a new stake in shares of Mexico Fund during the third quarter valued at approximately $265,000. Calamos Advisors LLC increased its position in shares of Mexico Fund by 32.1% during the fourth quarter. Calamos Advisors LLC now owns 18,764 shares of the investment management company’s stock valued at $378,000 after acquiring an additional 4,563 shares in the last quarter. Finally, Scotia Capital Inc. increased its position in shares of Mexico Fund by 127.8% during the third quarter. Scotia Capital Inc. now owns 25,381 shares of the investment management company’s stock valued at $500,000 after acquiring an additional 14,241 shares in the last quarter.

Mexico Fund Price Performance

Shares of NYSE MXF traded up $0.49 on Friday, reaching $22.28. 51,630 shares of the company’s stock traded hands, compared to its average volume of 49,425. Mexico Fund has a 12 month low of $16.43 and a 12 month high of $23.00. The business’s 50 day simple moving average is $21.75 and its two-hundred day simple moving average is $21.22.

Mexico Fund Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 30th. Shareholders of record on Wednesday, July 22nd will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, July 22nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.3%.

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.