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

The Mexico Fund, Inc. (NYSE:MXF) saw a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 7,800 shares, a decline of 71.9% from the February 28th total of 27,800 shares. Based on an average daily trading volume, of 77,900 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

Insiders Place Their Bets

In other news, CEO Alberto Osorio purchased 15,000 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The shares were bought at an average cost of $13.53 per share, with a total value of $202,950.00. Following the purchase, the chief executive officer now directly owns 115,195 shares of the company’s stock, valued at approximately $1,558,588.35. This trade represents a 14.97 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director La Calle Luis De purchased 6,000 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was bought at an average price of $14.32 per share, for a total transaction of $85,920.00. Following the acquisition, the director now owns 7,344 shares in the company, valued at $105,166.08. The trade was a 446.43 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.69% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On The Mexico Fund

A number of hedge funds and other institutional investors have recently modified their holdings of MXF. Blankinship & Foster LLC purchased a new stake in The Mexico Fund during the third quarter valued at about $160,000. Calamos Advisors LLC bought a new position in The Mexico Fund in the 4th quarter worth $174,000. Rahlfs Capital LLC bought a new stake in The Mexico Fund during the 4th quarter valued at approximately $276,000. Raymond James Financial Inc. acquired a new stake in shares of The Mexico Fund in the fourth quarter worth $651,000. Finally, Logan Stone Capital LLC increased its holdings in shares of The Mexico Fund by 11.8% during the 4th quarter. Logan Stone Capital LLC now owns 81,317 shares of the investment management company’s stock worth $1,073,000 after purchasing an additional 8,606 shares during the period.

The Mexico Fund Trading Down 0.6 %

MXF traded down $0.09 on Friday, reaching $14.39. The company’s stock had a trading volume of 132,668 shares, compared to its average volume of 59,802. The business’s 50 day moving average is $14.19 and its 200 day moving average is $14.15. The Mexico Fund has a 1 year low of $12.99 and a 1 year high of $19.69.

The Mexico Fund Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 22nd will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 6.12%. The ex-dividend date of this dividend is Tuesday, April 22nd.

The 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.