The Mexico Fund, Inc. (NYSE:MXF) Sees Significant Decrease in Short Interest

The Mexico Fund, Inc. (NYSE:MXF) was the recipient of a significant drop in short interest in November. As of November 15th, there was short interest totalling 12,800 shares, a drop of 39.6% from the October 31st total of 21,200 shares. Based on an average trading volume of 66,500 shares, the days-to-cover ratio is presently 0.2 days.

Insider Activity at The Mexico Fund

In related news, Director Claudia Janez acquired 2,576 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were bought at an average price of $15.46 per share, with a total value of $39,824.96. Following the completion of the acquisition, the director now owns 2,576 shares in the company, valued at $39,824.96. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.69% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On The Mexico Fund

A number of institutional investors and hedge funds have recently made changes to their positions in MXF. Logan Stone Capital LLC grew its stake in The Mexico Fund by 152.2% in the 2nd quarter. Logan Stone Capital LLC now owns 69,711 shares of the investment management company’s stock valued at $1,115,000 after acquiring an additional 42,069 shares during the last quarter. Wolverine Asset Management LLC grew its stake in The Mexico Fund by 384.8% in the 2nd quarter. Wolverine Asset Management LLC now owns 76,026 shares of the investment management company’s stock valued at $1,216,000 after acquiring an additional 60,344 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in The Mexico Fund by 0.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,687,120 shares of the investment management company’s stock valued at $26,994,000 after acquiring an additional 9,684 shares during the last quarter. Matisse Capital grew its stake in The Mexico Fund by 42.4% in the 2nd quarter. Matisse Capital now owns 153,000 shares of the investment management company’s stock valued at $2,448,000 after acquiring an additional 45,576 shares during the last quarter. Finally, Toth Financial Advisory Corp acquired a new stake in The Mexico Fund in the 3rd quarter valued at about $66,000.

The Mexico Fund Stock Performance

Shares of MXF traded up $0.12 during mid-day trading on Thursday, reaching $13.15. 110,279 shares of the company’s stock were exchanged, compared to its average volume of 45,558. The business’s fifty day simple moving average is $14.41 and its 200-day simple moving average is $15.53. The Mexico Fund has a 52-week low of $12.99 and a 52-week high of $19.69.

The Mexico Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 22nd were paid a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $0.88 annualized dividend and a yield of 6.69%.

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.