Short Interest in Mexico Fund, Inc. (The) (NYSE:MXF) Expands By 295.1%

Mexico Fund, Inc. (The) (NYSE:MXF) was the recipient of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 3,730 shares, a growth of 295.1% from the January 15th total of 944 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 60,749 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 60,749 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Insider Transactions at Mexico Fund

In other news, major shareholder Saba Capital Management, L.P. bought 47,273 shares of the stock in a transaction that occurred on Tuesday, November 18th. The stock was bought at an average cost of $19.15 per share, for a total transaction of $905,277.95. Following the acquisition, the insider directly owned 1,597,698 shares of the company’s stock, valued at $30,595,916.70. The trade was a 3.05% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Over the last quarter, insiders bought 161,521 shares of company stock worth $3,175,180. 2.69% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Mexico Fund

A number of hedge funds and other institutional investors have recently modified their holdings of MXF. Uhlmann Price Securities LLC grew its stake in shares of Mexico Fund by 0.7% during the second quarter. Uhlmann Price Securities LLC now owns 101,484 shares of the investment management company’s stock worth $1,783,000 after purchasing an additional 696 shares in the last quarter. City of London Investment Management Co. Ltd. lifted its holdings in Mexico Fund by 9.3% during the 2nd quarter. City of London Investment Management Co. Ltd. now owns 3,608,772 shares of the investment management company’s stock worth $63,406,000 after buying an additional 305,864 shares during the last quarter. SFI Advisors LLC boosted its position in shares of Mexico Fund by 4.6% during the 2nd quarter. SFI Advisors LLC now owns 137,928 shares of the investment management company’s stock worth $2,423,000 after acquiring an additional 6,121 shares in the last quarter. Scotia Capital Inc. acquired a new position in shares of Mexico Fund during the 2nd quarter worth about $196,000. Finally, Quantedge Capital Pte Ltd increased its holdings in shares of Mexico Fund by 3.7% in the 2nd quarter. Quantedge Capital Pte Ltd now owns 130,134 shares of the investment management company’s stock valued at $2,286,000 after acquiring an additional 4,650 shares during the last quarter.

Mexico Fund Stock Performance

Shares of Mexico Fund stock traded up $0.20 on Friday, reaching $22.74. 180,397 shares of the company were exchanged, compared to its average volume of 66,466. The stock’s 50 day moving average price is $20.91 and its 200-day moving average price is $19.51. Mexico Fund has a 1-year low of $13.10 and a 1-year high of $22.91.

Mexico Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 29th. Shareholders of record on Wednesday, January 21st were issued a dividend of $0.35 per share. This is a boost from Mexico Fund’s previous quarterly dividend of $0.25. The ex-dividend date was Wednesday, January 21st. This represents a $1.40 annualized dividend and a yield of 6.2%.

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.