Mexico Fund, Inc. (The) (NYSE:MXF) Short Interest Down 41.0% in February

Mexico Fund, Inc. (The) (NYSE:MXF) saw a significant drop in short interest in February. As of February 27th, there was short interest totaling 13,164 shares, a drop of 41.0% from the February 12th total of 22,307 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 117,566 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 117,566 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Mexico Fund Stock Down 1.1%

MXF traded down $0.22 on Friday, reaching $20.14. The stock had a trading volume of 60,842 shares, compared to its average volume of 96,218. Mexico Fund has a 12-month low of $13.10 and a 12-month high of $23.00. The business’s 50-day moving average price is $21.64 and its two-hundred day moving average price is $20.10.

Mexico Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Wednesday, April 22nd will be given a dividend of $0.35 per share. The ex-dividend date is Wednesday, April 22nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 7.0%.

Insider Buying and Selling

In other news, Director Richard B. Vaughan sold 2,500 shares of Mexico Fund stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $22.34, for a total transaction of $55,850.00. Following the completion of the transaction, the director directly owned 6,000 shares of the company’s stock, valued at $134,040. The trade was a 29.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Saba Capital Management, L.P. bought 32,126 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The stock was purchased at an average price of $22.69 per share, with a total value of $728,938.94. Following the completion of the purchase, the insider owned 1,730,621 shares in the company, valued at approximately $39,267,790.49. This trade represents a 1.89% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired 89,965 shares of company stock valued at $1,907,762 over the last three months. 2.69% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Mexico Fund

Several institutional investors and hedge funds have recently modified their holdings of the business. Uhlmann Price Securities LLC raised its holdings in Mexico Fund by 1.0% in the 4th quarter. Uhlmann Price Securities LLC now owns 105,141 shares of the investment management company’s stock worth $2,118,000 after purchasing an additional 1,074 shares during the period. Farther Finance Advisors LLC grew its holdings 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 valued at $27,000 after purchasing an additional 1,194 shares during the period. Blue Bell Private Wealth Management LLC grew its holdings in Mexico Fund by 92.3% in the third quarter. Blue Bell Private Wealth Management LLC now owns 2,500 shares of the investment management company’s stock valued at $49,000 after purchasing an additional 1,200 shares during the period. Calamos Advisors LLC increased its position in shares of Mexico Fund by 21.7% in the third quarter. Calamos Advisors LLC now owns 14,201 shares of the investment management company’s stock valued at $280,000 after buying an additional 2,535 shares in the last quarter. Finally, Quantedge Capital Pte Ltd raised its stake in shares of Mexico Fund by 3.7% during the 2nd quarter. Quantedge Capital Pte Ltd now owns 130,134 shares of the investment management company’s stock worth $2,286,000 after buying an additional 4,650 shares during the period.

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.