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

Mexico Fund, Inc. (The) (NYSE:MXF) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 33,593 shares, an increase of 108.7% from the May 31st total of 16,098 shares. Based on an average daily trading volume, of 46,225 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.2% of the company’s shares are short sold.

Mexico Fund Stock Performance

NYSE:MXF traded down $0.10 during trading hours on Tuesday, hitting $21.77. The company had a trading volume of 40,642 shares, compared to its average volume of 61,574. Mexico Fund has a 52 week low of $16.57 and a 52 week high of $23.00. The stock has a 50-day moving average price of $21.77 and a 200 day moving average price of $21.41.

Mexico Fund Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 30th. Investors of record on Wednesday, July 22nd will be given a dividend of $0.35 per share. The ex-dividend date is Wednesday, July 22nd. This represents a $1.40 annualized dividend and a yield of 6.4%.

Insiders Place Their Bets

In other Mexico Fund news, major shareholder Saba Capital Management, L.P. acquired 5,100 shares of the business’s stock in a transaction dated Wednesday, June 24th. The shares were purchased at an average cost of $21.31 per share, for a total transaction of $108,681.00. Following the transaction, the insider owned 2,260,134 shares in the company, valued at $48,163,455.54. This represents a 0.23% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders purchased 495,802 shares of company stock valued at $10,851,255. Company insiders own 2.69% of the company’s stock.

Institutional Trading of Mexico Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Uhlmann Price Securities LLC raised its stake in shares of Mexico Fund by 1.0% during the fourth quarter. Uhlmann Price Securities LLC now owns 105,141 shares of the investment management company’s stock valued at $2,118,000 after acquiring an additional 1,074 shares in the last quarter. Farther Finance Advisors LLC grew its stake in 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. Calamos Advisors LLC increased its holdings in Mexico Fund by 13.5% during the 1st quarter. Calamos Advisors LLC now owns 21,299 shares of the investment management company’s stock worth $446,000 after purchasing an additional 2,535 shares during the period. Blue Bell Private Wealth Management LLC boosted its position in Mexico Fund by 109.4% in 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 in the last quarter. Finally, Alpine Global Management LLC acquired a new stake in shares of Mexico Fund during the 3rd quarter worth approximately $265,000.

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.