Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) Short Interest Update

Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) was the target of a significant growth in short interest in February. As of February 15th, there was short interest totalling 17,900 shares, a growth of 59.8% from the January 31st total of 11,200 shares. Based on an average daily trading volume, of 58,400 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On Japan Smaller Capitalization Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Union Bancaire Privee UBP SA purchased a new stake in shares of Japan Smaller Capitalization Fund in the 4th quarter valued at about $32,000. Bank of America Corp DE lifted its stake in Japan Smaller Capitalization Fund by 144.7% in the fourth quarter. Bank of America Corp DE now owns 5,138 shares of the company’s stock valued at $39,000 after buying an additional 3,038 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Japan Smaller Capitalization Fund in the third quarter valued at approximately $104,000. Pekin Hardy Strauss Inc. grew its position in shares of Japan Smaller Capitalization Fund by 23.6% during the third quarter. Pekin Hardy Strauss Inc. now owns 16,119 shares of the company’s stock worth $133,000 after acquiring an additional 3,075 shares during the last quarter. Finally, HighTower Advisors LLC increased its holdings in shares of Japan Smaller Capitalization Fund by 7.7% in the 3rd quarter. HighTower Advisors LLC now owns 22,471 shares of the company’s stock valued at $181,000 after acquiring an additional 1,609 shares during the period.

Japan Smaller Capitalization Fund Price Performance

JOF opened at $7.91 on Friday. The business has a fifty day moving average price of $7.74 and a 200 day moving average price of $7.82. Japan Smaller Capitalization Fund has a 12 month low of $6.89 and a 12 month high of $8.34.

Japan Smaller Capitalization Fund Increases Dividend

The firm also recently declared an annual dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 19th were paid a $0.3118 dividend. The ex-dividend date was Thursday, December 19th. This is a boost from Japan Smaller Capitalization Fund’s previous annual dividend of $0.27. This represents a yield of 3.3%.

Japan Smaller Capitalization Fund Company Profile

Japan Smaller Capitalization Fund, Inc is a closed-ended equity mutual fund launched by Nomura Asset Management U.SA Inc It is managed by Nomura Asset Management Co, Ltd. The fund invests in the public equity markets of Japan. It invests in stocks traded on the Tokyo, Osaka and Nagoya Stock Exchanges, JASDAQ, Mothers, Hercules, Centrex, and other indices.