The Mexico Fund, Inc. (NYSE:MXF - Get Free Report) saw a large growth in short interest in April. As of April 15th, there was short interest totalling 36,000 shares, a growth of 380.0% from the March 31st total of 7,500 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 78,600 shares, the short-interest ratio is presently 0.5 days.
Insider Transactions at The Mexico Fund
In other The Mexico Fund news, Director La Calle Luis De purchased 6,000 shares of the company's stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost of $14.32 per share, for a total transaction of $85,920.00. Following the completion of the transaction, the director now owns 7,344 shares in the company, valued at $105,166.08. The trade was a 446.43 % increase in their ownership of the stock. The purchase 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 Investors Weigh In On The Mexico Fund
A number of institutional investors and hedge funds have recently modified their holdings of MXF. Almitas Capital LLC grew its holdings in shares of The Mexico Fund by 124.9% in the 4th quarter. Almitas Capital LLC now owns 317,846 shares of the investment management company's stock worth $4,196,000 after acquiring an additional 176,498 shares during the last quarter. RPO LLC acquired a new position in shares of The Mexico Fund in the 4th quarter valued at $1,986,000. Boothbay Fund Management LLC purchased a new position in The Mexico Fund in the 4th quarter worth about $1,490,000. Wolverine Asset Management LLC raised its holdings 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 worth $1,922,000 after buying an additional 71,133 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in The Mexico Fund during the fourth quarter valued at about $651,000.
The Mexico Fund Stock Performance
Shares of MXF traded up $0.02 during mid-day trading on Friday, hitting $15.50. The company's stock had a trading volume of 43,299 shares, compared to its average volume of 65,336. The firm has a 50-day moving average price of $14.49 and a 200 day moving average price of $14.07. The Mexico Fund has a fifty-two week low of $12.99 and a fifty-two week high of $18.93.
The Mexico Fund Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 22nd were given a $0.22 dividend. The ex-dividend date was Tuesday, April 22nd. This represents a $0.88 annualized dividend and a yield of 5.68%.
About The Mexico Fund
(
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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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