Short Interest in Mexico Fund, Inc. (The) (NYSE:MXF) Expands By 201.0%

Key Points

• Short interest in Mexico Fund, Inc. surged by 201.0% in July, reaching 29,500 shares from 9,800, indicating increased investor bearishness.
• The company recently announced a quarterly dividend increase to $0.25 from $0.22, resulting in an annualized dividend yield of 5.5%.
• Mexico Fund's stock showed a 1.1% increase in trading, closing at $18.18 with a 12-month trading range of $12.99 to $18.33.

Mexico Fund, Inc. (The) (NYSE:MXF - Get Free Report) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 29,500 shares, anincreaseof201.0% from the July 15th total of 9,800 shares. Based on an average daily trading volume, of 48,400 shares, the short-interest ratio is currently 0.6 days. Approximately0.2% of the company's shares are short sold. Approximately0.2% of the company's shares are short sold. Based on an average daily trading volume, of 48,400 shares, the short-interest ratio is currently 0.6 days.

Institutional Trading of Mexico Fund

Hedge funds have recently added to or reduced their stakes in the business. Wolverine Asset Management LLC boosted its stake in Mexico Fund by 62.1% in the 1st quarter. Wolverine Asset Management LLC now owns 236,078 shares of the investment management company's stock worth $3,359,000 after buying an additional 90,483 shares during the last quarter. SFI Advisors LLC lifted its stake in shares of Mexico Fund by 342.4% in the 1st quarter. SFI Advisors LLC now owns 131,807 shares of the investment management company's stock valued at $1,876,000 after purchasing an additional 102,015 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Mexico Fund in the 4th quarter valued at about $651,000. Quantedge Capital Pte Ltd lifted its stake in shares of Mexico Fund by 28.4% in the 4th quarter. Quantedge Capital Pte Ltd now owns 92,284 shares of the investment management company's stock valued at $1,218,000 after purchasing an additional 20,400 shares in the last quarter. Finally, Boothbay Fund Management LLC acquired a new position in shares of Mexico Fund in the 4th quarter valued at about $1,490,000.

Mexico Fund Stock Up 1.0%

NYSE:MXF traded up $0.1740 during mid-day trading on Thursday, reaching $18.2540. The company's stock had a trading volume of 9,967 shares, compared to its average volume of 16,943. The company's fifty day simple moving average is $17.52 and its two-hundred day simple moving average is $15.94. Mexico Fund has a twelve month low of $12.99 and a twelve month high of $18.33.

Mexico Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 30th. Shareholders of record on Tuesday, July 22nd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend was Tuesday, July 22nd. This is a positive change from Mexico Fund's previous quarterly dividend of $0.22.

Mexico Fund Company Profile

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.