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

Mexico Fund, Inc. (The) (NYSE:MXF) was the target of a large growth in short interest in 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. Based on an average daily volume of 60,749 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 60,749 shares, the days-to-cover ratio is currently 0.1 days.

Mexico Fund Stock Up 0.1%

Mexico Fund stock traded up $0.02 during midday trading on Wednesday, reaching $22.67. The company’s stock had a trading volume of 140,303 shares, compared to its average volume of 61,522. The business has a 50-day simple moving average of $20.79 and a 200-day simple moving average of $19.47. Mexico Fund has a fifty-two week low of $13.10 and a fifty-two week high of $22.87.

Mexico Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 29th. Stockholders of record on Wednesday, January 21st were given 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 of this dividend was Wednesday, January 21st. This represents a $1.40 annualized dividend and a dividend yield of 6.2%.

Insider Activity

In other news, major shareholder Saba Capital Management, L.P. bought 3,115 shares of the stock in a transaction that occurred on Thursday, January 29th. The stock was purchased at an average price of $21.97 per share, for a total transaction of $68,436.55. Following the completion of the purchase, the insider owned 1,698,495 shares in the company, valued at approximately $37,315,935.15. This trade represents a 0.18% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders have acquired 161,521 shares of company stock worth $3,175,180. 2.69% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Mexico Fund

Several hedge funds have recently added to or reduced their stakes in MXF. Uhlmann Price Securities LLC raised its holdings in 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. grew its position in shares of Mexico Fund by 9.3% in the 2nd quarter. City of London Investment Management Co. Ltd. now owns 3,608,772 shares of the investment management company’s stock valued at $63,406,000 after buying an additional 305,864 shares during the last quarter. SFI Advisors LLC raised its stake in 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 stake in Mexico Fund during the 2nd quarter worth $196,000. Finally, Quantedge Capital Pte Ltd lifted its position in Mexico Fund by 3.7% in the second 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.

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.