The Mexico Fund, Inc. (NYSE:MXF) Short Interest Up 380.0% in April

The Mexico Fund, Inc. (NYSE:MXF - Get Free Report) saw a significant increase in short interest in April. As of April 15th, there was short interest totalling 36,000 shares, an increase of 380.0% from the March 31st total of 7,500 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 78,600 shares, the days-to-cover ratio is presently 0.5 days.

The Mexico Fund Price Performance

NYSE:MXF traded down $0.05 during mid-day trading on Thursday, reaching $15.48. 82,763 shares of the stock were exchanged, compared to its average volume of 65,424. The business has a fifty day moving average price of $14.49 and a 200 day moving average price of $14.07. The Mexico Fund has a 1-year low of $12.99 and a 1-year high of $18.93.

The Mexico Fund Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Tuesday, April 22nd were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 5.68%. The ex-dividend date of this dividend was Tuesday, April 22nd.

Insider Transactions at The Mexico Fund

In other news, Director La Calle Luis De bought 6,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average cost of $14.32 per share, with a total value of $85,920.00. Following the completion of the acquisition, the director now directly owns 7,344 shares in the company, valued at approximately $105,166.08. The trade was a 446.43 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.69% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of MXF. Blankinship & Foster LLC purchased a new stake in The Mexico Fund during the third quarter valued at about $160,000. Matisse Capital raised its holdings in shares of The Mexico Fund by 7.7% during the fourth quarter. Matisse Capital now owns 195,000 shares of the investment management company's stock valued at $2,574,000 after acquiring an additional 14,000 shares during the period. Calamos Advisors LLC acquired a new stake in shares of The Mexico Fund during the fourth quarter valued at approximately $174,000. Wolverine Asset Management LLC raised its holdings in shares of The Mexico Fund by 95.5% during the fourth quarter. Wolverine Asset Management LLC now owns 145,595 shares of the investment management company's stock valued at $1,922,000 after acquiring an additional 71,133 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of The Mexico Fund during the fourth quarter valued at approximately $651,000.

About The 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.