The Mexico Fund, Inc. (NYSE:MXF – Get Free Report) was the recipient of a large decline in short interest during the month of May. As of May 31st, there was short interest totalling 10,200 shares, a decline of 62.6% from the May 15th total of 27,300 shares. Based on an average daily volume of 80,500 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are short sold.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of MXF. Wolverine Asset Management LLC grew its position in The Mexico Fund by 95.5% during the 4th quarter. Wolverine Asset Management LLC now owns 145,595 shares of the investment management company’s stock worth $1,922,000 after acquiring an additional 71,133 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in The Mexico Fund during the 4th quarter worth about $651,000. RPO LLC acquired a new position in shares of The Mexico Fund in the 4th quarter valued at about $1,986,000. Rahlfs Capital LLC bought a new stake in shares of The Mexico Fund during the 4th quarter valued at about $276,000. Finally, Quantedge Capital Pte Ltd grew its stake in The Mexico Fund by 28.4% during the fourth quarter. Quantedge Capital Pte Ltd now owns 92,284 shares of the investment management company’s stock worth $1,218,000 after purchasing an additional 20,400 shares during the period.
The Mexico Fund Stock Performance
NYSE MXF traded down $0.26 on Friday, hitting $16.98. 7,853 shares of the stock were exchanged, compared to its average volume of 68,910. The Mexico Fund has a 52 week low of $12.99 and a 52 week high of $17.51. The business’s fifty day moving average is $15.80 and its 200 day moving average is $14.58.
About The Mexico Fund
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.
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