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

Mexico Fund, Inc. (The) (NYSE:MXF) saw a significant drop in short interest during the month of 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. Based on an average daily trading volume, of 117,566 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 117,566 shares, the short-interest ratio is currently 0.1 days.

Mexico Fund Stock Performance

NYSE:MXF traded down $0.22 during mid-day trading on Friday, hitting $20.14. 60,842 shares of the stock were exchanged, compared to its average volume of 89,251. The firm’s 50-day simple moving average is $21.64 and its 200 day simple moving average is $20.11. Mexico Fund has a fifty-two week low of $13.10 and a fifty-two week high of $23.00.

Mexico Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders 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 annualized dividend and a yield of 7.0%.

Insider Activity at Mexico Fund

In related news, Director Richard B. Vaughan sold 2,500 shares of Mexico Fund stock in a transaction dated 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 sale, the director owned 6,000 shares of the company’s stock, valued at approximately $134,040. The trade was a 29.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Saba Capital Management, L.P. acquired 32,126 shares of the business’s stock in a transaction on Friday, February 13th. The shares were bought at an average price of $22.69 per share, with a total value of $728,938.94. Following the completion of the transaction, the insider directly owned 1,730,621 shares of the company’s stock, valued at approximately $39,267,790.49. The trade was a 1.89% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 89,965 shares of company stock valued at $1,907,762 over the last quarter. 2.69% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Mexico Fund

A number of institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC increased its holdings in shares of Mexico Fund by 775.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,348 shares of the investment management company’s stock worth $27,000 after purchasing an additional 1,194 shares during the period. Blue Bell Private Wealth Management LLC grew its position in Mexico Fund by 92.3% during the third quarter. Blue Bell Private Wealth Management LLC now owns 2,500 shares of the investment management company’s stock worth $49,000 after buying an additional 1,200 shares in the last quarter. Scotia Capital Inc. acquired a new stake in Mexico Fund during the second quarter worth approximately $196,000. Alpine Global Management LLC bought a new position in Mexico Fund during the 3rd quarter worth $265,000. Finally, Calamos Advisors LLC increased its stake in Mexico Fund by 21.7% during the 3rd quarter. Calamos Advisors LLC now owns 14,201 shares of the investment management company’s stock worth $280,000 after acquiring an additional 2,535 shares during the period.

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.