The Mexico Fund, Inc. (NYSE:MXF - Get Free Report) was the target of a large decline in short interest in the month of May. As of May 31st, there was short interest totalling 10,200 shares, a decline of 62.6% from the May 15th total of 27,300 shares. Based on an average daily volume of 80,500 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MXF. Wolverine Asset Management LLC boosted its position in The Mexico Fund by 95.5% during the 4th quarter. Wolverine Asset Management LLC now owns 145,595 shares of the investment management company's stock valued at $1,922,000 after purchasing an additional 71,133 shares during the period. Raymond James Financial Inc. acquired a new position in The Mexico Fund during the 4th quarter valued at approximately $651,000. RPO LLC acquired a new position in The Mexico Fund during the 4th quarter valued at approximately $1,986,000. Rahlfs Capital LLC acquired a new position in The Mexico Fund during the 4th quarter valued at approximately $276,000. Finally, 1607 Capital Partners LLC boosted its position in The Mexico Fund by 22.8% during the 4th quarter. 1607 Capital Partners LLC now owns 246,686 shares of the investment management company's stock valued at $3,256,000 after purchasing an additional 45,845 shares during the period.
The Mexico Fund Trading Down 0.7%
NYSE:MXF traded down $0.11 during midday trading on Friday, reaching $17.12. 69,640 shares of the company traded hands, compared to its average volume of 69,197. The Mexico Fund has a twelve month low of $12.99 and a twelve month high of $17.51. The company has a fifty day moving average price of $15.88 and a 200 day moving average price of $14.61.
The Mexico Fund Company Profile
(
Get Free Report)
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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