The Mexico Fund, Inc. (NYSE:MXF) Short Interest Update

The Mexico Fund, Inc. (NYSE:MXF) was the recipient of a large growth in short interest in February. As of February 15th, there was short interest totalling 9,400 shares, a growth of 123.8% from the January 31st total of 4,200 shares. Based on an average daily volume of 81,100 shares, the days-to-cover ratio is currently 0.1 days.

Insider Buying and Selling

In other news, CEO Alberto Osorio acquired 15,000 shares of the stock in a transaction on Wednesday, January 22nd. The shares were purchased at an average cost of $13.53 per share, for a total transaction of $202,950.00. Following the transaction, the chief executive officer now owns 115,195 shares in the company, valued at approximately $1,558,588.35. This trade represents a 14.97 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.69% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On The Mexico Fund

A number of large investors have recently made changes to their positions in the business. Blankinship & Foster LLC purchased a new position in The Mexico Fund during the third quarter valued at approximately $160,000. PFG Investments LLC purchased a new position in shares of The Mexico Fund during the 3rd quarter valued at $174,000. Calamos Advisors LLC acquired a new position in shares of The Mexico Fund in the fourth quarter worth $174,000. Rahlfs Capital LLC purchased a new stake in shares of The Mexico Fund during the fourth quarter worth $276,000. Finally, Raymond James Financial Inc. acquired a new stake in The Mexico Fund during the fourth quarter valued at $651,000.

The Mexico Fund Stock Performance

Shares of The Mexico Fund stock traded down $0.06 during midday trading on Friday, hitting $14.12. The company’s stock had a trading volume of 31,070 shares, compared to its average volume of 82,486. The Mexico Fund has a 1-year low of $12.99 and a 1-year high of $19.69. The stock has a 50-day simple moving average of $13.82 and a 200-day simple moving average of $14.27.

The Mexico Fund Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 30th. Shareholders of record on Wednesday, January 22nd were paid a dividend of $0.22 per share. The ex-dividend date was Wednesday, January 22nd. This represents a $0.88 annualized dividend and a yield of 6.23%.

The Mexico Fund Company Profile

The Mexico Fund, Inc is a closed-ended equity mutual fund launched and managed by Impulsora del Fondo México, S.C. It primarily invests in public equity markets of Mexico. The fund seeks to invest its portfolio across diversified sectors. The Mexico Fund, Inc was formed in June 01, 1981 and is domiciled in Maryland, United States.