Mexico Fund, Inc. (The) (NYSE:MXF – Get Free Report) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 12,697 shares, an increase of 616.1% from the April 15th total of 1,773 shares. Based on an average trading volume of 81,131 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are short sold.
Mexico Fund Stock Performance
MXF traded down $0.07 during trading on Tuesday, hitting $21.94. 58,319 shares of the company traded hands, compared to its average volume of 67,187. The stock’s 50-day simple moving average is $21.26 and its two-hundred day simple moving average is $20.76. Mexico Fund has a 1 year low of $15.70 and a 1 year high of $23.00.
Mexico Fund Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Wednesday, April 22nd were paid a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, April 22nd. This represents a $1.40 dividend on an annualized basis and a yield of 6.4%.
Insider Buying and Selling
Institutional Trading of Mexico Fund
Large investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its stake in Mexico Fund by 775.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,348 shares of the investment management company’s stock worth $27,000 after acquiring an additional 1,194 shares during the last quarter. Blue Bell Private Wealth Management LLC increased its stake in Mexico Fund by 109.4% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 5,235 shares of the investment management company’s stock worth $105,000 after acquiring an additional 2,735 shares during the last quarter. Alpine Global Management LLC bought a new stake in Mexico Fund in the 3rd quarter worth approximately $265,000. Calamos Advisors LLC increased its stake in Mexico Fund by 32.1% in the 4th quarter. Calamos Advisors LLC now owns 18,764 shares of the investment management company’s stock worth $378,000 after acquiring an additional 4,563 shares during the last quarter. Finally, Scotia Capital Inc. raised its position in shares of Mexico Fund by 127.8% during the 3rd quarter. Scotia Capital Inc. now owns 25,381 shares of the investment management company’s stock valued at $500,000 after buying an additional 14,241 shares in the last quarter.
Mexico Fund Company Profile
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.
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