The Mexico Fund, Inc. (NYSE:MXF – Get Rating) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 5,200 shares, a growth of 26.8% from the March 31st total of 4,100 shares. Based on an average daily trading volume, of 19,700 shares, the days-to-cover ratio is currently 0.3 days.
Shares of NYSE MXF opened at $15.09 on Wednesday. The Mexico Fund has a 12 month low of $13.65 and a 12 month high of $16.87. The business has a fifty day simple moving average of $15.67 and a 200-day simple moving average of $15.28.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 28th. Investors of record on Wednesday, April 20th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 4.77%. The ex-dividend date was Tuesday, April 19th.
A number of institutional investors have recently made changes to their positions in MXF. Wolverine Asset Management LLC lifted its stake in The Mexico Fund by 22.7% in the 3rd quarter. Wolverine Asset Management LLC now owns 121,061 shares of the investment management company’s stock worth $1,797,000 after acquiring an additional 22,357 shares in the last quarter. Quantedge Capital Pte Ltd lifted its stake in The Mexico Fund by 31.7% in the 3rd quarter. Quantedge Capital Pte Ltd now owns 16,177 shares of the investment management company’s stock worth $240,000 after acquiring an additional 3,891 shares in the last quarter. Guggenheim Capital LLC purchased a new stake in shares of The Mexico Fund during the 3rd quarter worth about $154,000. UBS Group AG raised its stake in shares of The Mexico Fund by 13.7% during the 3rd quarter. UBS Group AG now owns 6,418 shares of the investment management company’s stock worth $96,000 after purchasing an additional 773 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of The Mexico Fund during the 4th quarter worth about $18,744,000. 51.34% of the stock is owned by hedge funds and other institutional investors.
The Mexico Fund Company Profile (Get Rating)
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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