The Mexico Fund, Inc. (NYSE:MXF) Short Interest Update

The Mexico Fund, Inc. (NYSE:MXF - Get Free Report) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 36,000 shares, a growth of 380.0% from the March 31st total of 7,500 shares. Based on an average daily volume of 78,600 shares, the short-interest ratio is currently 0.5 days. Currently, 0.3% of the shares of the company are sold short.

Insider Buying and Selling

In related news, Director La Calle Luis De bought 6,000 shares of The Mexico Fund stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average price of $14.32 per share, with a total value of $85,920.00. Following the acquisition, the director now owns 7,344 shares of the company's stock, valued at approximately $105,166.08. This represents a 446.43 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.69% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On The Mexico Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Matisse Capital increased its position in The Mexico Fund by 5.1% during the first quarter. Matisse Capital now owns 205,000 shares of the investment management company's stock worth $2,917,000 after acquiring an additional 10,000 shares during the period. Quantedge Capital Pte Ltd raised its position in shares of The Mexico Fund by 28.4% in the fourth quarter. Quantedge Capital Pte Ltd now owns 92,284 shares of the investment management company's stock valued at $1,218,000 after buying an additional 20,400 shares in the last quarter. Logan Stone Capital LLC boosted its stake in shares of 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 buying an additional 8,606 shares during the period. Almitas Capital LLC grew 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 worth $4,196,000 after buying an additional 176,498 shares in the last quarter. Finally, Boothbay Fund Management LLC acquired a new position in The Mexico Fund in the 4th quarter valued at $1,490,000.

The Mexico Fund Price Performance

Shares of The Mexico Fund stock traded up $0.12 on Friday, hitting $15.73. The stock had a trading volume of 53,800 shares, compared to its average volume of 64,501. The Mexico Fund has a twelve month low of $12.99 and a twelve month high of $18.93. The business's 50 day moving average is $14.40 and its two-hundred day moving average is $14.05.

The Mexico Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 22nd will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 5.60%. The ex-dividend date is Tuesday, April 22nd.

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.

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