The Mexico Fund, Inc. (NYSE:MXF) Sees Significant Decrease in Short Interest

The Mexico Fund, Inc. (NYSE:MXFGet Free Report) was the recipient of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 7,400 shares, a drop of 47.5% from the January 15th total of 14,100 shares. Based on an average daily trading volume, of 25,800 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On The Mexico Fund

Several large investors have recently bought and sold shares of the business. Bank of America Corp DE bought a new position in The Mexico Fund during the first quarter valued at $36,000. Advisor Group Holdings Inc. raised its stake in The Mexico Fund by 41.5% in the fourth quarter. Advisor Group Holdings Inc. now owns 2,194 shares of the investment management company’s stock worth $33,000 after buying an additional 643 shares in the last quarter. UBS Group AG raised its stake in The Mexico Fund by 48.0% in the fourth quarter. UBS Group AG now owns 4,478 shares of the investment management company’s stock worth $66,000 after buying an additional 1,453 shares in the last quarter. Wells Fargo & Company MN raised its stake in The Mexico Fund by 64.8% in the fourth quarter. Wells Fargo & Company MN now owns 7,030 shares of the investment management company’s stock worth $104,000 after buying an additional 2,765 shares in the last quarter. Finally, Barclays PLC bought a new position in The Mexico Fund in the first quarter worth approximately $142,000.

The Mexico Fund Trading Up 0.2 %

Shares of The Mexico Fund stock traded up $0.04 on Monday, hitting $18.93. 33,066 shares of the company traded hands, compared to its average volume of 29,275. The Mexico Fund has a 52 week low of $14.77 and a 52 week high of $19.49. The business has a 50-day simple moving average of $18.59 and a 200 day simple moving average of $17.36.

The Mexico Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 25th. Investors of record on Wednesday, January 17th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 4.65%. The ex-dividend date of this dividend was Tuesday, January 16th. This is a boost from The Mexico Fund’s previous quarterly dividend of $0.20.

About The 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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