Short Interest in The Mexico Fund, Inc. (NYSE:MXF) Expands By 123.8%

The Mexico Fund, Inc. (NYSE:MXF) saw a significant growth in short interest in February. As of February 15th, there was short interest totalling 9,400 shares, a growth of 123.8% from the January 31st total of 4,200 shares. Based on an average daily trading volume, of 81,100 shares, the short-interest ratio is presently 0.1 days.

The Mexico Fund Trading Down 0.4 %

Shares of MXF traded down $0.06 during trading hours on Friday, hitting $14.12. 31,070 shares of the stock were exchanged, compared to its average volume of 82,486. The business has a 50-day moving average of $13.83 and a 200-day moving average of $14.25. The Mexico Fund has a fifty-two week low of $12.99 and a fifty-two week high of $19.69.

The Mexico Fund Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 30th. Shareholders of record on Wednesday, January 22nd were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 6.23%. The ex-dividend date of this dividend was Wednesday, January 22nd.

Insider Transactions at The Mexico Fund

In related news, CEO Alberto Osorio acquired 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was acquired at an average cost of $13.53 per share, for a total transaction of $202,950.00. Following the completion of the acquisition, 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 position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.69% of the company’s stock.

Institutional Investors Weigh In On The Mexico Fund

A number of hedge funds have recently added to or reduced their stakes in the company. Quantedge Capital Pte Ltd boosted its holdings in The Mexico Fund by 28.4% during the 4th quarter. Quantedge Capital Pte Ltd now owns 92,284 shares of the investment management company’s stock worth $1,218,000 after acquiring an additional 20,400 shares during the last quarter. Logan Stone Capital LLC grew its position 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 valued at $1,073,000 after purchasing an additional 8,606 shares in the last quarter. Almitas Capital LLC grew its holdings in shares of The Mexico Fund by 124.9% during the fourth quarter. Almitas Capital LLC now owns 317,846 shares of the investment management company’s stock worth $4,196,000 after purchasing an additional 176,498 shares in the last quarter. Boothbay Fund Management LLC purchased a new position in The Mexico Fund in the fourth quarter worth $1,490,000. Finally, 1607 Capital Partners LLC grew its position in The Mexico Fund by 22.8% during the fourth quarter. 1607 Capital Partners LLC now owns 246,686 shares of the investment management company’s stock valued at $3,256,000 after acquiring an additional 45,845 shares during the last quarter.

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.