Mexico Fund, Inc. (The) (NYSE:MXF) Short Interest Up 616.1% in April

Mexico Fund, Inc. (The) (NYSE:MXF) saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 12,697 shares, a growth of 616.1% from the April 15th total of 1,773 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 81,131 shares, the days-to-cover ratio is presently 0.2 days.

Mexico Fund Stock Performance

Shares of MXF opened at $22.14 on Thursday. Mexico Fund has a 12 month low of $15.98 and a 12 month high of $23.00. The stock has a fifty day moving average price of $21.24 and a 200 day moving average price of $20.81.

Mexico Fund Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Wednesday, April 22nd were given a dividend of $0.35 per share. The ex-dividend date was Wednesday, April 22nd. This represents a $1.40 annualized dividend and a dividend yield of 6.3%.

Insider Activity at Mexico Fund

In related news, major shareholder Saba Capital Management, L.P. purchased 100,000 shares of the company’s stock in a transaction dated Wednesday, April 22nd. The shares were acquired at an average cost of $21.83 per share, for a total transaction of $2,183,000.00. Following the transaction, the insider owned 1,884,830 shares of the company’s stock, valued at $41,145,838.90. This trade represents a 5.60% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders purchased 172,253 shares of company stock worth $3,759,460 over the last three months. 2.69% of the stock is currently owned by corporate insiders.

Institutional Trading of Mexico Fund

Several hedge funds have recently bought and sold shares of the company. Uhlmann Price Securities LLC boosted its stake in 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 valued at $2,118,000 after purchasing an additional 1,074 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Mexico Fund by 775.3% in the fourth quarter. Farther Finance Advisors LLC now owns 1,348 shares of the investment management company’s stock valued at $27,000 after purchasing an additional 1,194 shares during the period. Calamos Advisors LLC raised its holdings in shares of Mexico Fund by 13.5% during the first quarter. Calamos Advisors LLC now owns 21,299 shares of the investment management company’s stock valued at $446,000 after buying an additional 2,535 shares during the last quarter. Blue Bell Private Wealth Management LLC raised its holdings in shares of Mexico Fund by 109.4% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 5,235 shares of the investment management company’s stock valued at $105,000 after buying an additional 2,735 shares during the last quarter. Finally, Alpine Global Management LLC acquired a new position in shares of Mexico Fund during the third quarter worth approximately $265,000.

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.