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

Mexico Fund, Inc. (The) (NYSE:MXF) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 33,593 shares, a growth of 108.7% from the May 31st total of 16,098 shares. Based on an average trading volume of 46,225 shares, the short-interest ratio is presently 0.7 days. Currently, 0.2% of the company’s stock are sold short.

Insider Activity at Mexico Fund

In other news, major shareholder Saba Capital Management, L.P. bought 5,100 shares of the stock in a transaction dated Wednesday, June 24th. The shares were bought at an average cost of $21.31 per share, with a total value of $108,681.00. Following the completion of the transaction, the insider directly owned 2,260,134 shares of the company’s stock, valued at $48,163,455.54. This trade represents a 0.23% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders purchased a total of 485,002 shares of company stock worth $10,621,431 in the last ninety days. Insiders own 2.69% of the company’s stock.

Hedge Funds Weigh In On Mexico Fund

Several large investors have recently added to or reduced their stakes in MXF. Uhlmann Price Securities LLC increased its holdings in Mexico Fund by 1.0% during the 4th quarter. Uhlmann Price Securities LLC now owns 105,141 shares of the investment management company’s stock worth $2,118,000 after purchasing an additional 1,074 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Mexico Fund by 775.3% in the fourth quarter. Farther Finance Advisors LLC now owns 1,348 shares of the investment management company’s stock valued at $27,000 after purchasing an additional 1,194 shares in the last quarter. Calamos Advisors LLC lifted its holdings in shares of Mexico Fund by 13.5% in the first quarter. Calamos Advisors LLC now owns 21,299 shares of the investment management company’s stock valued at $446,000 after purchasing an additional 2,535 shares in the last quarter. Blue Bell Private Wealth Management LLC boosted its position in shares of Mexico Fund by 109.4% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 5,235 shares of the investment management company’s stock valued at $105,000 after buying an additional 2,735 shares during the last quarter. Finally, Alpine Global Management LLC purchased a new position in shares of Mexico Fund during the third quarter valued at approximately $265,000.

Mexico Fund Stock Performance

Shares of MXF stock opened at $21.69 on Thursday. The firm has a fifty day simple moving average of $21.76 and a two-hundred day simple moving average of $21.43. Mexico Fund has a 12 month low of $16.57 and a 12 month high of $23.00.

Mexico Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 30th. Investors of record on Wednesday, July 22nd will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date is Wednesday, July 22nd.

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.