Mexico Fund, Inc. (The) (NYSE:MXF) Short Interest Down 92.3% in January

Mexico Fund, Inc. (The) (NYSE:MXF) was the target of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 944 shares, a drop of 92.3% from the December 31st total of 12,278 shares. Based on an average trading volume of 59,521 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 59,521 shares, the short-interest ratio is currently 0.0 days.

Mexico Fund Trading Up 0.7%

Shares of MXF stock traded up $0.15 during trading on Thursday, reaching $22.12. The company’s stock had a trading volume of 94,033 shares, compared to its average volume of 48,926. Mexico Fund has a 1-year low of $13.10 and a 1-year high of $22.50. The stock’s 50-day moving average price is $20.32 and its 200 day moving average price is $19.16.

Mexico Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 29th. Stockholders of record on Wednesday, January 21st will be given a dividend of $0.35 per share. This is an increase from Mexico Fund’s previous quarterly dividend of $0.25. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend is Wednesday, January 21st.

Insider Activity

In related news, major shareholder Saba Capital Management, L.P. acquired 2,520 shares of the stock in a transaction that occurred on Monday, January 12th. The stock was purchased at an average price of $20.45 per share, with a total value of $51,534.00. Following the transaction, the insider owned 1,693,830 shares of the company’s stock, valued at approximately $34,638,823.50. This trade represents a 0.15% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Over the last quarter, insiders have purchased 158,406 shares of company stock valued at $3,106,744. 2.69% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. City of London Investment Management Co. Ltd. grew its stake in Mexico Fund by 9.3% during the 2nd quarter. City of London Investment Management Co. Ltd. now owns 3,608,772 shares of the investment management company’s stock worth $63,406,000 after purchasing an additional 305,864 shares in the last quarter. North Ground Capital purchased a new position in shares of Mexico Fund in the 3rd quarter valued at about $608,000. Verition Fund Management LLC grew its position in shares of Mexico Fund by 21.7% during the third quarter. Verition Fund Management LLC now owns 99,508 shares of the investment management company’s stock worth $1,960,000 after buying an additional 17,747 shares in the last quarter. Scotia Capital Inc. increased its stake 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 worth $500,000 after buying an additional 14,241 shares during the period. Finally, Alpine Global Management LLC acquired a new stake in Mexico Fund in the third quarter valued at approximately $265,000.

About Mexico Fund

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.