Short Interest in Mexico Fund, Inc. (The) (NYSE:MXF) Rises By 332.3%

Mexico Fund, Inc. (The) (NYSE:MXF) saw a large growth in short interest in December. As of December 31st, there was short interest totaling 12,278 shares, a growth of 332.3% from the December 15th total of 2,840 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 64,532 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 64,532 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Mexico Fund Stock Performance

Shares of MXF stock opened at $20.99 on Thursday. Mexico Fund has a one year low of $13.10 and a one year high of $21.18. The company’s fifty day moving average price is $19.82 and its 200-day moving average price is $18.88.

Mexico Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 29th. Stockholders of record on Wednesday, January 21st will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.7%. This is a positive change from Mexico Fund’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Wednesday, January 21st.

Insider Buying and Selling

In other news, major shareholder Saba Capital Management, L.P. purchased 2,520 shares of the stock in a transaction on Monday, January 12th. The shares were acquired at an average price of $20.45 per share, with a total value of $51,534.00. Following the completion of the acquisition, the insider directly owned 1,693,830 shares of the company’s stock, valued at $34,638,823.50. This trade represents a 0.15% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last quarter, insiders have purchased 157,362 shares of company stock worth $3,082,966. 2.69% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Blue Bell Private Wealth Management LLC boosted its stake in Mexico Fund by 92.3% in the 3rd 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 during the period. Scotia Capital Inc. purchased a new position in shares of Mexico Fund in the second quarter worth $196,000. Alpine Global Management LLC bought a new position in shares of Mexico Fund during the third quarter worth $265,000. Calamos Advisors LLC grew its stake 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 valued at $280,000 after acquiring an additional 2,535 shares in the last quarter. Finally, North Ground Capital purchased a new position in Mexico Fund during the third quarter valued at $608,000.

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.