Short Interest in Mexico Fund, Inc. (The) (NYSE:MXF) Rises By 332.3%

Mexico Fund, Inc. (The) (NYSE:MXF) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 12,278 shares, a growth of 332.3% from the December 15th total of 2,840 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 64,532 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 64,532 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

Mexico Fund Trading Up 1.1%

Shares of NYSE:MXF traded up $0.22 during midday trading on Tuesday, reaching $20.76. 38,019 shares of the company’s stock traded hands, compared to its average volume of 57,952. Mexico Fund has a one year low of $13.10 and a one year high of $20.79. The stock has a 50 day moving average of $19.76 and a 200 day moving average of $18.84.

Mexico Fund Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 29th. Stockholders of record on Wednesday, January 21st will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend is Wednesday, January 21st. This is a boost from Mexico Fund’s previous quarterly dividend of $0.25.

Insider Transactions at Mexico Fund

In related news, major shareholder Saba Capital Management, L.P. bought 47,273 shares of the business’s stock in a transaction dated Tuesday, November 18th. The shares were purchased at an average cost of $19.15 per share, with a total value of $905,277.95. Following the completion of the purchase, the insider owned 1,597,698 shares in the company, valued at approximately $30,595,916.70. The trade was a 3.05% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders acquired a total of 157,362 shares of company stock worth $3,082,966 in the last three months. 2.69% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Blue Bell Private Wealth Management LLC lifted its position in Mexico Fund by 92.3% during the third quarter. Blue Bell Private Wealth Management LLC now owns 2,500 shares of the investment management company’s stock valued at $49,000 after purchasing an additional 1,200 shares during the period. Scotia Capital Inc. purchased a new stake in Mexico Fund during the 2nd quarter valued at $196,000. Alpine Global Management LLC purchased a new stake in Mexico Fund during the 3rd quarter valued at $265,000. Calamos Advisors LLC lifted its holdings in shares of Mexico Fund by 21.7% during the 3rd quarter. Calamos Advisors LLC now owns 14,201 shares of the investment management company’s stock valued at $280,000 after buying an additional 2,535 shares during the period. Finally, North Ground Capital purchased a new position in shares of Mexico Fund in the 3rd quarter worth $608,000.

About Mexico Fund

The Mexico Fund, Inc (NYSE: MXF) is a closed-end management investment company that seeks long-term capital appreciation through exposure to Mexican securities. The fund primarily invests in equity instruments of companies organized or principally operating in Mexico, spanning a range of sectors such as financial services, consumer goods, industrials and energy. It may also allocate portions of its portfolio to fixed-income securities, including government and corporate bonds, when attractive opportunities arise.

Launched in 1991 and incorporated under Maryland law, The Mexico Fund offers U.S.