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

Mexico Fund, Inc. (The) (NYSE:MXF) saw a significant growth in short interest in 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 daily volume of 57,405 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the company’s stock are sold short.

Insider Transactions at Mexico Fund

In related news, major shareholder Saba Capital Management, L.P. acquired 29,500 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was acquired at an average price of $22.30 per share, for a total transaction of $657,850.00. Following the completion of the acquisition, the insider owned 2,234,685 shares of the company’s stock, valued at approximately $49,833,475.50. This represents a 1.34% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have bought a total of 478,224 shares of company stock worth $10,459,784 in the last three months. Company insiders own 2.69% of the company’s stock.

Hedge Funds Weigh In On Mexico Fund

Several large investors have recently modified their holdings of MXF. Uhlmann Price Securities LLC increased its stake in shares of Mexico Fund by 2.5% in the third quarter. Uhlmann Price Securities LLC now owns 104,067 shares of the investment management company’s stock worth $2,050,000 after purchasing an additional 2,583 shares in the last quarter. Scotia Capital Inc. increased its stake in shares of Mexico Fund by 127.8% in the third quarter. Scotia Capital Inc. now owns 25,381 shares of the investment management company’s stock worth $500,000 after purchasing an additional 14,241 shares in the last quarter. Verition Fund Management LLC increased its stake in shares of Mexico Fund by 21.7% in the third quarter. Verition Fund Management LLC now owns 99,508 shares of the investment management company’s stock worth $1,960,000 after purchasing an additional 17,747 shares in the last quarter. Alpine Global Management LLC purchased a new position in shares of Mexico Fund in the third quarter worth about $265,000. Finally, Farther Finance Advisors LLC increased its stake in shares of Mexico Fund by 775.3% in the fourth quarter. Farther Finance Advisors LLC now owns 1,348 shares of the investment management company’s stock worth $27,000 after purchasing an additional 1,194 shares in the last quarter.

Mexico Fund Stock Performance

NYSE MXF traded down $0.01 during trading hours on Monday, reaching $22.29. 36,620 shares of the company were exchanged, compared to its average volume of 49,425. Mexico Fund has a 1 year low of $16.43 and a 1 year high of $23.00. The business’s 50 day simple moving average is $21.77 and its 200-day simple moving average is $21.24.

Mexico Fund Announces Dividend

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

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.