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

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 - ) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 29,500 shares, agrowthof201.0% from the July 15th total of 9,800 shares. Based on an average daily volume of 48,400 shares, the short-interest ratio is currently 0.6 days. Currently,0.2% of the shares of the company are short sold. Currently,0.2% of the shares of the company are short sold. Based on an average daily volume of 48,400 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On Mexico Fund

Hedge funds have recently bought and sold shares of the company. Greykasell Wealth Strategies Inc. acquired a new stake in shares of Mexico Fund in the first quarter valued at approximately $46,000. Scotia Capital Inc. acquired a new position in shares of Mexico Fund during the second quarter worth $196,000. Raymond James Financial Inc. acquired a new position in shares of Mexico Fund during the fourth quarter worth $651,000. Landscape Capital Management L.L.C. lifted its holdings in Mexico Fund by 34.9% in the first quarter. Landscape Capital Management L.L.C. now owns 73,799 shares of the investment management company's stock valued at $1,050,000 after buying an additional 19,109 shares during the period. Finally, Logan Stone Capital LLC lifted its holdings in Mexico Fund by 11.8% in the fourth quarter. Logan Stone Capital LLC now owns 81,317 shares of the investment management company's stock valued at $1,073,000 after buying an additional 8,606 shares during the period.

Mexico Fund Trading Up 1.1%

NYSE:MXF traded up $0.20 during mid-day trading on Friday, hitting $18.18. The stock had a trading volume of 9,589 shares, compared to its average volume of 23,434. Mexico Fund has a twelve month low of $12.99 and a twelve month high of $18.33. The company's 50 day simple moving average is $17.45 and its 200 day simple moving average is $15.83.

Mexico Fund Increases Dividend

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

About Mexico Fund

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.

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