Mexico Fund, Inc. (The) (NYSE:MXF) Sees Large Growth in Short Interest
Mexico Fund, Inc. (NYSE:MXF) experienced a significant increase in short interest, rising 94.5% to 28,200 shares as of October 15th. Currently, 0.2% of the company's stock is short sold, with a days-to-cover ratio of 1.0 days based on an average daily volume of 28,600 shares. The fund also declared a quarterly dividend of $0.25, yielding 5.2%. Shares traded at $19.39, with a 52-week range of $12.99 to $19.86. Hedge funds have recently adjusted their positions in the fund, indicating growing interest.
Hedge Funds Weigh In On Mexico Fund
A number of hedge funds and other institutional investors have recently made changes to their positions in MXF. Greykasell Wealth Strategies Inc. purchased a new position in shares of Mexico Fund in the 1st quarter worth about $46,000. Blue Bell Private Wealth Management LLC raised its stake in shares of Mexico Fund by 92.3% in the third quarter. Blue Bell Private Wealth Management LLC now owns 2,500 shares of the investment management company's stock valued at $49,000 after buying an additional 1,200 shares during the period. Scotia Capital Inc. bought a new stake in shares of Mexico Fund in the second quarter valued at $196,000. Calamos Advisors LLC raised its stake in shares of Mexico Fund by 21.7% in the third quarter. Calamos Advisors LLC now owns 14,201 shares of the investment management company's stock valued at $280,000 after buying an additional 2,535 shares during the period. Finally, North Ground Capital bought a new stake in shares of Mexico Fund in the third quarter valued at $608,000.
Mexico Fund Trading Up 0.1%
Shares of NYSE MXF traded up $0.02 during mid-day trading on Friday, reaching $19.39. 48,942 shares of the company's stock were exchanged, compared to its average volume of 57,147. The firm has a 50-day moving average price of $18.86 and a two-hundred day moving average price of $17.54. Mexico Fund has a 52 week low of $12.99 and a 52 week high of $19.86.
Mexico Fund Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, October 30th. Investors of record on Wednesday, October 22nd were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend was Wednesday, October 22nd.
About Mexico Fund
(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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