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

Mexico Fund, Inc. (The) (NYSE:MXF) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 3,730 shares, a growth of 295.1% from the January 15th total of 944 shares. Based on an average trading volume of 60,749 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 60,749 shares, the short-interest ratio is currently 0.1 days.

Insiders Place Their Bets

In related news, major shareholder Saba Capital Management, L.P. acquired 3,115 shares of the firm’s stock in a transaction on Thursday, January 29th. The stock was bought at an average price of $21.97 per share, for a total transaction of $68,436.55. Following the completion of the purchase, the insider directly owned 1,698,495 shares of the company’s stock, valued at approximately $37,315,935.15. The trade was a 0.18% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders purchased a total of 161,521 shares of company stock worth $3,175,180 in the last three months. 2.69% of the stock is owned by insiders.

Hedge Funds Weigh In On Mexico Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC raised its position in Mexico Fund by 775.3% during the 4th quarter. Farther Finance Advisors LLC now owns 1,348 shares of the investment management company’s stock worth $27,000 after buying an additional 1,194 shares during the last quarter. Blue Bell Private Wealth Management LLC raised its holdings in Mexico Fund by 92.3% during the third quarter. Blue Bell Private Wealth Management LLC now owns 2,500 shares of the investment management company’s stock worth $49,000 after purchasing an additional 1,200 shares in the last quarter. Scotia Capital Inc. acquired a new stake in Mexico Fund in the second quarter valued at about $196,000. Alpine Global Management LLC acquired a new stake in Mexico Fund in the third quarter valued at about $265,000. Finally, Calamos Advisors LLC boosted its holdings 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 Stock Up 0.8%

MXF traded up $0.19 on Friday, hitting $22.73. 200,181 shares of the company traded hands, compared to its average volume of 68,073. Mexico Fund has a 12-month low of $13.10 and a 12-month high of $22.91. The company has a 50 day moving average of $20.91 and a 200-day moving average of $19.51.

Mexico Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 29th. Stockholders of record on Wednesday, January 21st were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 6.2%. This is a boost from Mexico Fund’s previous quarterly dividend of $0.25. The ex-dividend date was Wednesday, January 21st.

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.