Mexico Fund, Inc. (The) (NYSE:MXF) Sees Significant Increase in Short Interest

Mexico Fund, Inc. (The) (NYSE:MXF) saw a significant growth in short interest during the month of 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. Based on an average trading volume of 57,405 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.

Mexico Fund Price Performance

Mexico Fund stock traded up $0.01 on Tuesday, reaching $22.31. The company’s stock had a trading volume of 12,663 shares, compared to its average volume of 63,866. The business’s fifty day moving average price is $21.77 and its 200 day moving average price is $21.24. Mexico Fund has a twelve month low of $16.43 and a twelve month high of $23.00.

Mexico Fund Dividend Announcement

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

Insider Activity at Mexico Fund

In other Mexico Fund news, major shareholder Saba Capital Management, L.P. purchased 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 22nd. The shares were acquired at an average cost of $21.83 per share, for a total transaction of $2,183,000.00. Following the transaction, the insider directly owned 1,884,830 shares in the company, valued at approximately $41,145,838.90. The trade was a 5.60% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Over the last 90 days, insiders purchased 478,224 shares of company stock valued at $10,459,784. 2.69% of the stock is owned by insiders.

Institutional Investors Weigh In On Mexico Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MXF. Saba Capital Management L.P. raised its stake in shares of Mexico Fund by 4.3% in the first quarter. Saba Capital Management L.P. now owns 1,764,332 shares of the investment management company’s stock worth $36,927,000 after acquiring an additional 73,032 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Mexico Fund by 2.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 981,733 shares of the investment management company’s stock valued at $20,548,000 after purchasing an additional 27,983 shares during the last quarter. Calamos Advisors LLC grew its stake in shares of Mexico Fund by 13.5% during the first quarter. Calamos Advisors LLC now owns 21,299 shares of the investment management company’s stock valued at $446,000 after purchasing an additional 2,535 shares during the last quarter. Altium Capital Management LLC increased its holdings in shares of Mexico Fund by 165.5% in the first quarter. Altium Capital Management LLC now owns 128,185 shares of the investment management company’s stock valued at $2,683,000 after purchasing an additional 79,898 shares in the last quarter. Finally, Uhlmann Price Securities LLC raised its position in Mexico Fund by 1.9% in the 1st quarter. Uhlmann Price Securities LLC now owns 107,154 shares of the investment management company’s stock worth $2,243,000 after purchasing an additional 2,013 shares during the last quarter.

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.