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

The Mexico Fund, Inc. (NYSE:MXF - Get Free Report) saw a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 12,400 shares, a decline of 35.4% from the December 31st total of 19,200 shares. Based on an average daily trading volume, of 81,600 shares, the days-to-cover ratio is presently 0.2 days.

The Mexico Fund Trading Up 0.0 %

Shares of NYSE:MXF traded up $0.01 during mid-day trading on Tuesday, reaching $13.95. 60,703 shares of the company traded hands, compared to its average volume of 97,623. The Mexico Fund has a 52 week low of $12.99 and a 52 week high of $19.69. The company's 50 day moving average price is $13.59 and its 200-day moving average price is $14.41.

The Mexico Fund Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 30th. Investors of record on Wednesday, January 22nd were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.31%. The ex-dividend date was Wednesday, January 22nd.

Insider Activity at The Mexico Fund

In related news, CEO Alberto Osorio purchased 15,000 shares of The Mexico Fund stock in a transaction on Wednesday, January 22nd. The stock was acquired at an average price of $13.53 per share, for a total transaction of $202,950.00. Following the completion of the transaction, the chief executive officer now directly owns 115,195 shares in the company, valued at $1,558,588.35. This represents a 14.97 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.69% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On The Mexico Fund

Institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio bought a new position in shares of The Mexico Fund in the third quarter worth about $4,799,000. Wolverine Asset Management LLC boosted its stake in The Mexico Fund by 95.5% in the 4th quarter. Wolverine Asset Management LLC now owns 145,595 shares of the investment management company's stock worth $1,922,000 after purchasing an additional 71,133 shares during the period. Landscape Capital Management L.L.C. grew its holdings in The Mexico Fund by 62.4% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 75,681 shares of the investment management company's stock valued at $1,142,000 after buying an additional 29,079 shares in the last quarter. Matisse Capital raised its position in shares of The Mexico Fund by 7.7% during the fourth quarter. Matisse Capital now owns 195,000 shares of the investment management company's stock valued at $2,574,000 after buying an additional 14,000 shares during the last quarter. Finally, Calamos Advisors LLC purchased a new position in shares of The Mexico Fund in the fourth quarter worth $174,000.

About The Mexico Fund

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.