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

Mexico Fund, Inc. (The) (NYSE:MXF) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 12,747 shares, a decline of 38.0% from the August 15th total of 20,575 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 33,431 shares, the short-interest ratio is presently 0.4 days.

Insider Buying and Selling at Mexico Fund

In other news, major shareholder Saba Capital Management, L.P. bought 15,051 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The shares were bought at an average cost of $21.52 per share, with a total value of $323,897.52. Following the acquisition, the insider owned 2,255,034 shares in the company, valued at $48,528,331.68. This trade represents a 0.67% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders have bought 63,921 shares of company stock worth $1,376,141. 2.69% of the stock is owned by insiders.

Institutional Trading of Mexico Fund

A number of hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Mexico Fund during the 2nd quarter worth about $33,000. Blue Bell Private Wealth Management LLC raised its holdings 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 valued at $105,000 after acquiring an additional 2,735 shares during the period. Susquehanna International Group LLP bought a new position in Mexico Fund in the 2nd quarter valued at about $215,000. Evolve Private Wealth LLC acquired a new stake in Mexico Fund during the second quarter worth approximately $278,000. Finally, Calamos Advisors LLC lifted its position in Mexico Fund by 13.5% during the first quarter. Calamos Advisors LLC now owns 21,299 shares of the investment management company’s stock worth $446,000 after acquiring an additional 2,535 shares during the last quarter.

Mexico Fund Stock Performance

Shares of NYSE MXF traded up $0.06 during midday trading on Thursday, hitting $21.23. 19,986 shares of the company’s stock were exchanged, compared to its average volume of 53,308. Mexico Fund has a 12 month low of $18.30 and a 12 month high of $23.00. The company’s 50 day moving average price is $21.59 and its 200 day moving average price is $21.54.

Mexico Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Wednesday, October 21st will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 6.6%. The ex-dividend date is Wednesday, October 21st.

About Mexico Fund

Mexico Fund, Inc is a non-diversified closed-end investment company listed on the New York Stock Exchange under the symbol MXF. The fund seeks long-term capital appreciation primarily by investing in equity securities of companies based in, or with significant business activities in, Mexico.

The fund provides investors with access to Mexican public companies across multiple industries and may invest through common stocks, preferred stocks, and other securities. Its portfolio is managed with a focus on Mexico’s economic and corporate markets, giving shareholders a vehicle for country-specific equity exposure.

Mexico Fund, Inc is advised by Impulsora del Fondo México, SA de C.V., an investment management firm based in Mexico.