Mexico Fund, Inc. (The) (NYSE:MXF) Short Interest Down 38.0% in August

Mexico Fund, Inc. (The) (NYSE:MXF) saw a large drop in short interest in August. As of August 31st, there was short interest totaling 12,747 shares, a drop of 38.0% from the August 15th total of 20,575 shares. Based on an average daily volume of 33,431 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the shares of the stock are sold short.

Mexico Fund Stock Up 1.1%

NYSE:MXF traded up $0.22 during trading hours on Wednesday, hitting $21.03. 1,143 shares of the company’s stock traded hands, compared to its average volume of 53,249. Mexico Fund has a twelve month low of $18.30 and a twelve month high of $23.00. The stock’s fifty day moving average price is $21.60 and its two-hundred day moving average price is $21.56.

Mexico Fund Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Wednesday, October 21st will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 6.7%. The ex-dividend date is Wednesday, October 21st.

Insider Activity

In other Mexico Fund news, major shareholder Saba Capital Management, L.P. purchased 15,051 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The shares were purchased at an average price of $21.52 per share, for a total transaction of $323,897.52. Following the completion of the transaction, the insider owned 2,255,034 shares in the company, valued at $48,528,331.68. This represents a 0.67% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders have purchased 58,320 shares of company stock valued at $1,262,441. Insiders own 2.69% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. bought a new position in shares of Mexico Fund in the second quarter valued at approximately $33,000. Blue Bell Private Wealth Management LLC lifted its position in shares of Mexico Fund by 109.4% during the 4th 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. Susquehanna International Group LLP bought a new stake in Mexico Fund during the 2nd quarter valued at approximately $215,000. Evolve Private Wealth LLC acquired a new stake in Mexico Fund in the 2nd quarter valued at approximately $278,000. Finally, Calamos Advisors LLC grew its holdings in Mexico Fund by 13.5% in the 1st quarter. Calamos Advisors LLC now owns 21,299 shares of the investment management company’s stock valued at $446,000 after buying an additional 2,535 shares during the last quarter.

Mexico Fund Company Profile

Mexico Fund, Inc is a non-diversified closed-end investment company listed on the New York Stock Exchange under the symbol MXF. The fund seeks long-term capital appreciation primarily by investing in equity securities of companies based in, or with significant business activities in, Mexico.

The fund provides investors with access to Mexican public companies across multiple industries and may invest through common stocks, preferred stocks, and other securities. Its portfolio is managed with a focus on Mexico’s economic and corporate markets, giving shareholders a vehicle for country-specific equity exposure.

Mexico Fund, Inc is advised by Impulsora del Fondo México, SA de C.V., an investment management firm based in Mexico.