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

The Mexico Fund, Inc. (NYSE:MXF - Get Free Report) was the recipient of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 9,400 shares, an increase of 123.8% from the January 31st total of 4,200 shares. Based on an average trading volume of 81,100 shares, the days-to-cover ratio is presently 0.1 days.

The Mexico Fund Trading Up 1.9 %

NYSE MXF traded up $0.27 on Wednesday, hitting $14.27. 39,054 shares of the stock were exchanged, compared to its average volume of 57,378. The Mexico Fund has a fifty-two week low of $12.99 and a fifty-two week high of $19.69. The company has a 50-day moving average price of $13.84 and a 200-day moving average price of $14.21.

The Mexico Fund Dividend Announcement

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. The ex-dividend date was Wednesday, January 22nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.17%.

Insider Transactions at The Mexico Fund

In other news, CEO Alberto Osorio bought 15,000 shares of the company's stock in a transaction 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 $1,558,588.35. The trade was a 14.97 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.69% of the company's stock.

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Institutional Investors Weigh In On The Mexico Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Logan Stone Capital LLC boosted its stake in The Mexico Fund by 11.8% in the fourth quarter. Logan Stone Capital LLC now owns 81,317 shares of the investment management company's stock valued at $1,073,000 after acquiring an additional 8,606 shares in the last quarter. Blankinship & Foster LLC purchased a new stake in shares of The Mexico Fund in the 3rd quarter valued at about $160,000. PFG Investments LLC acquired a new stake in shares of The Mexico Fund in the 3rd quarter valued at about $174,000. Calamos Advisors LLC purchased a new position in The Mexico Fund during the 4th quarter worth approximately $174,000. Finally, Matisse Capital increased its position in The Mexico Fund by 7.7% during 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 during the period.

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.