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

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. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 59,521 shares, the short-interest ratio is presently 0.0 days. Based on an average trading volume of 59,521 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Mexico Fund Trading Up 1.1%

NYSE MXF traded up $0.25 during mid-day trading on Wednesday, hitting $21.98. The company’s stock had a trading volume of 71,172 shares, compared to its average volume of 54,310. Mexico Fund has a 52-week low of $13.10 and a 52-week high of $22.06. The stock’s fifty day simple moving average is $20.20 and its two-hundred day simple moving average is $19.12.

Mexico Fund Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 29th. Stockholders of record on Wednesday, January 21st will be given a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, January 21st. This is a positive change from Mexico Fund’s previous quarterly dividend of $0.25. This represents a $1.40 annualized dividend and a dividend yield of 6.4%.

Insider Transactions at Mexico Fund

In other Mexico Fund news, major shareholder Saba Capital Management, L.P. acquired 47,273 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The shares were acquired at an average price of $19.15 per share, for a total transaction of $905,277.95. Following the completion of the acquisition, the insider directly owned 1,597,698 shares of the company’s stock, valued at $30,595,916.70. This trade represents a 3.05% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last 90 days, insiders have bought 158,406 shares of company stock valued at $3,106,744. 2.69% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Mexico Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its holdings in shares of Mexico Fund by 775.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,348 shares of the investment management company’s stock valued at $27,000 after buying an additional 1,194 shares during the period. Blue Bell Private Wealth Management LLC raised its stake in Mexico Fund by 92.3% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 2,500 shares of the investment management company’s stock valued at $49,000 after acquiring an additional 1,200 shares in the last quarter. Scotia Capital Inc. bought a new stake in shares of Mexico Fund during the second quarter valued at about $196,000. Alpine Global Management LLC bought a new stake in shares of Mexico Fund during the 3rd quarter worth about $265,000. Finally, Calamos Advisors LLC raised its holdings in Mexico Fund by 21.7% during the third quarter. Calamos Advisors LLC now owns 14,201 shares of the investment management company’s stock worth $280,000 after purchasing an additional 2,535 shares in 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.