Mexico Fund, Inc. (NYSE:MXF) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 12,500 shares, a growth of 681.3% from the August 31st total of 1,600 shares. Based on an average daily volume of 36,200 shares, the days-to-cover ratio is currently 0.3 days.
Shares of Mexico Fund stock opened at $9.97 on Monday. The stock has a 50-day moving average price of $10.38 and a 200 day moving average price of $9.65. Mexico Fund has a 1 year low of $6.88 and a 1 year high of $15.17.
A number of institutional investors have recently made changes to their positions in the stock. UBS Group AG raised its stake in Mexico Fund by 28.7% in the second quarter. UBS Group AG now owns 6,038 shares of the investment management company’s stock valued at $59,000 after buying an additional 1,347 shares during the period. Karpus Management Inc. purchased a new stake in Mexico Fund during the first quarter worth $161,000. Cornerstone Advisors LLC acquired a new position in Mexico Fund during the second quarter worth $199,000. Morgan Stanley raised its position in Mexico Fund by 8.5% during the first quarter. Morgan Stanley now owns 24,644 shares of the investment management company’s stock worth $205,000 after acquiring an additional 1,921 shares during the period. Finally, Royal Bank of Canada raised its position in Mexico Fund by 20.5% during the first quarter. Royal Bank of Canada now owns 25,645 shares of the investment management company’s stock worth $213,000 after acquiring an additional 4,371 shares during the period. 40.45% of the stock is owned by hedge funds and other institutional investors.
Mexico Fund Company Profile
The Mexico Fund, Inc is a closed-ended equity mutual fund launched and managed by Impulsora del Fondo México, S.C. It primarily invests in public equity markets of Mexico. The fund seeks to invest its portfolio across diversified sectors. The Mexico Fund, Inc was formed in June 01, 1981 and is domiciled in Maryland, United States.
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