Short Interest in The Mexico Fund, Inc. (NYSE:MXF) Drops By 71.9%

The Mexico Fund, Inc. (NYSE:MXF - Get Free Report) was the target of a large decline in short interest in March. As of March 15th, there was short interest totalling 7,800 shares, a decline of 71.9% from the February 28th total of 27,800 shares. Currently, 0.1% of the company's stock are short sold. Based on an average trading volume of 77,900 shares, the days-to-cover ratio is currently 0.1 days.

The Mexico Fund Stock Performance

MXF traded down $0.11 during trading on Monday, hitting $14.28. 55,525 shares of the company's stock traded hands, compared to its average volume of 59,791. The Mexico Fund has a 12-month low of $12.99 and a 12-month high of $19.69. The company's 50 day simple moving average is $14.19 and its two-hundred day simple moving average is $14.15.

The Mexico Fund Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 22nd will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $0.88 dividend on an annualized basis and a yield of 6.16%.

Insider Buying and Selling at The Mexico Fund

In other The Mexico Fund news, CEO Alberto Osorio purchased 15,000 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The stock was bought at an average cost of $13.53 per share, with a total value of $202,950.00. Following the transaction, the chief executive officer now directly owns 115,195 shares in the company, valued at approximately $1,558,588.35. The trade was a 14.97 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director La Calle Luis De bought 6,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were acquired at an average price of $14.32 per share, with a total value of $85,920.00. Following the completion of the acquisition, the director now directly owns 7,344 shares of the company's stock, valued at approximately $105,166.08. The trade was a 446.43 % increase in their position. The disclosure for this purchase can be found here. Insiders own 2.69% of the company's stock.

Hedge Funds Weigh In On The Mexico Fund

A number of institutional investors and hedge funds have recently modified their holdings of MXF. Public Employees Retirement System of Ohio purchased a new stake in The Mexico Fund during the third quarter valued at approximately $4,799,000. Almitas Capital LLC lifted its position in 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 valued at $4,196,000 after purchasing an additional 176,498 shares in the last quarter. 1607 Capital Partners LLC grew its holdings 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 purchasing an additional 45,845 shares during the period. Matisse Capital increased its position in The Mexico Fund by 7.7% in the fourth quarter. Matisse Capital now owns 195,000 shares of the investment management company's stock worth $2,574,000 after buying an additional 14,000 shares in the last quarter. Finally, RPO LLC purchased a new stake in The Mexico Fund in the fourth quarter worth about $1,986,000.

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.