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

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

Mexico Fund Trading Up 2.2%

MXF stock traded up $0.49 on Friday, hitting $22.28. The company had a trading volume of 51,630 shares, 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 stock’s 50-day simple moving average is $21.75 and its 200 day simple moving average is $21.22.

Mexico Fund Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 30th. Investors of record on Wednesday, July 22nd will be issued a $0.35 dividend. The ex-dividend date is Wednesday, July 22nd. This represents a $1.40 annualized dividend and a yield of 6.3%.

Insider Buying and Selling at Mexico Fund

In related news, major shareholder Saba Capital Management, L.P. bought 11,081 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The shares were bought at an average price of $21.39 per share, for a total transaction of $237,022.59. Following the completion of the acquisition, the insider owned 2,200,068 shares of the company’s stock, valued at $47,059,454.52. This trade represents a 0.51% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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 owned by company insiders.

Institutional Investors Weigh In On Mexico Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in MXF. Farther Finance Advisors LLC boosted its holdings in Mexico Fund by 775.3% in the fourth quarter. Farther Finance Advisors LLC now owns 1,348 shares of the investment management company’s stock worth $27,000 after purchasing an additional 1,194 shares during the last quarter. Blue Bell Private Wealth Management LLC boosted its holdings in Mexico Fund by 109.4% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 5,235 shares of the investment management company’s stock worth $105,000 after purchasing an additional 2,735 shares during the last quarter. Alpine Global Management LLC purchased a new stake in Mexico Fund in the third quarter worth approximately $265,000. Calamos Advisors LLC boosted its holdings in Mexico Fund by 32.1% in the fourth quarter. Calamos Advisors LLC now owns 18,764 shares of the investment management company’s stock worth $378,000 after purchasing an additional 4,563 shares during the last quarter. Finally, Scotia Capital Inc. boosted its holdings in Mexico Fund by 127.8% in the third quarter. Scotia Capital Inc. now owns 25,381 shares of the investment management company’s stock worth $500,000 after purchasing an additional 14,241 shares during the last quarter.

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.