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

The Mexico Fund, Inc. (NYSE:MXF) saw a large decrease in short interest in November. As of November 15th, there was short interest totalling 12,800 shares, a decrease of 39.6% from the October 31st total of 21,200 shares. Based on an average daily volume of 66,500 shares, the short-interest ratio is currently 0.2 days.

The Mexico Fund Stock Up 0.9 %

NYSE:MXF traded up $0.12 during trading hours on Thursday, hitting $13.15. The stock had a trading volume of 110,279 shares, compared to its average volume of 45,558. The Mexico Fund has a 1-year low of $12.99 and a 1-year high of $19.69. The business has a 50 day simple moving average of $14.41 and a two-hundred day simple moving average of $15.53.

The Mexico Fund Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Tuesday, October 22nd were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.69%. The ex-dividend date was Tuesday, October 22nd.

Insider Buying and Selling at The Mexico Fund

In related news, Director Claudia Janez acquired 2,576 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were acquired at an average cost of $15.46 per share, for a total transaction of $39,824.96. Following the acquisition, the director now directly owns 2,576 shares in the company, valued at approximately $39,824.96. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.69% of the stock is owned by insiders.

Institutional Trading of The Mexico Fund

Hedge funds have recently made changes to their positions in the stock. Toth Financial Advisory Corp bought a new position in The Mexico Fund during the third quarter worth $66,000. Blankinship & Foster LLC bought a new position in The Mexico Fund during the third quarter worth $160,000. PFG Investments LLC bought a new position in The Mexico Fund during the third quarter worth $174,000. Logan Stone Capital LLC lifted its stake in The Mexico Fund by 152.2% in the second quarter. Logan Stone Capital LLC now owns 69,711 shares of the investment management company’s stock valued at $1,115,000 after buying an additional 42,069 shares during the last quarter. Finally, Landscape Capital Management L.L.C. lifted its stake in The Mexico Fund by 62.4% in the third 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 during the last quarter.

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.