Short Interest in The Mexico Fund, Inc. (NYSE:MXF) Decreases By 68.1%

The Mexico Fund, Inc. (NYSE:MXF) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 2,900 shares, a decrease of 68.1% from the August 15th total of 9,100 shares. Based on an average daily volume of 35,000 shares, the days-to-cover ratio is presently 0.1 days.

MXF traded down $0.04 during trading on Thursday, hitting $15.83. The company had a trading volume of 4,688 shares, compared to its average volume of 27,284. The business has a 50-day moving average of $15.54 and a 200-day moving average of $15.01. The Mexico Fund has a 1-year low of $9.50 and a 1-year high of $16.23.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 28th. Investors of record on Thursday, October 21st will be issued a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, October 20th. This represents a $0.72 annualized dividend and a yield of 4.55%.

Several large investors have recently modified their holdings of MXF. US Bancorp DE raised its holdings in shares of The Mexico Fund by 1,080.9% during the first quarter. US Bancorp DE now owns 2,102 shares of the investment management company’s stock worth $30,000 after purchasing an additional 1,924 shares during the period. Center for Financial Planning Inc. acquired a new stake in shares of The Mexico Fund during the first quarter worth $28,000. Hudson Portfolio Management LLC acquired a new stake in shares of The Mexico Fund during the first quarter worth $630,000. Cornerstone Advisors LLC raised its holdings in shares of The Mexico Fund by 9.5% during the first quarter. Cornerstone Advisors LLC now owns 48,329 shares of the investment management company’s stock worth $684,000 after purchasing an additional 4,194 shares during the period. Finally, Wolverine Asset Management LLC increased its holdings in shares of The Mexico Fund by 43.3% in the 1st quarter. Wolverine Asset Management LLC now owns 53,374 shares of the investment management company’s stock worth $755,000 after acquiring an additional 16,126 shares during the period. 44.07% of the stock is currently owned by institutional investors.

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.

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