Short Interest in Mexico Fund, Inc. (The) (NYSE:MXF) Declines By 92.3%

Mexico Fund, Inc. (The) (NYSE:MXF) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totaling 944 shares, a drop of 92.3% from the December 31st total of 12,278 shares. Based on an average trading volume of 59,521 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 59,521 shares, the short-interest ratio is presently 0.0 days.

Insider Activity at Mexico Fund

In other news, major shareholder Saba Capital Management, L.P. acquired 2,520 shares of the company’s stock in a transaction that occurred on Monday, January 12th. The shares were purchased at an average price of $20.45 per share, for a total transaction of $51,534.00. Following the completion of the acquisition, the insider owned 1,693,830 shares of the company’s stock, valued at approximately $34,638,823.50. This represents a 0.15% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders purchased 158,406 shares of company stock valued at $3,106,744. Insiders own 2.69% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. City of London Investment Management Co. Ltd. increased its position in shares of Mexico Fund by 9.3% during the second quarter. City of London Investment Management Co. Ltd. now owns 3,608,772 shares of the investment management company’s stock valued at $63,406,000 after purchasing an additional 305,864 shares during the period. SFI Advisors LLC lifted its position in shares of Mexico Fund by 4.6% during the second quarter. SFI Advisors LLC now owns 137,928 shares of the investment management company’s stock worth $2,423,000 after purchasing an additional 6,121 shares in the last quarter. Quantedge Capital Pte Ltd raised its position in shares of Mexico Fund by 3.7% during the second quarter. Quantedge Capital Pte Ltd now owns 130,134 shares of the investment management company’s stock worth $2,286,000 after acquiring an additional 4,650 shares during the last quarter. Uhlmann Price Securities LLC grew its position in shares of Mexico Fund by 1.0% during the 4th quarter. Uhlmann Price Securities LLC now owns 105,141 shares of the investment management company’s stock worth $2,118,000 after buying an additional 1,074 shares during the period. Finally, Verition Fund Management LLC lifted its stake in shares of Mexico Fund by 21.7% in the 3rd quarter. Verition Fund Management LLC now owns 99,508 shares of the investment management company’s stock valued at $1,960,000 after purchasing an additional 17,747 shares during the period.

Mexico Fund Trading Up 1.1%

NYSE:MXF traded up $0.25 during trading hours on Wednesday, reaching $21.98. The company’s stock had a trading volume of 71,172 shares, compared to its average volume of 54,310. Mexico Fund has a one year low of $13.10 and a one year high of $22.06. The business’s 50-day moving average is $20.20 and its 200-day moving average is $19.12.

Mexico Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 29th. Investors of record on Wednesday, January 21st will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, January 21st. This represents a $1.40 annualized dividend and a dividend yield of 6.4%. This is an increase from Mexico Fund’s previous quarterly dividend of $0.25.

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.