Short Interest in Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) Expands By 59.8%

Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) saw a large growth in short interest in the month of 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 trading volume of 58,400 shares, the days-to-cover ratio is currently 0.3 days.

Japan Smaller Capitalization Fund Stock Performance

Shares of Japan Smaller Capitalization Fund stock opened at $7.91 on Friday. Japan Smaller Capitalization Fund has a one year low of $6.89 and a one year high of $8.34. The firm has a fifty day moving average of $7.74 and a two-hundred day moving average of $7.82.

Japan Smaller Capitalization Fund Increases Dividend

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

Institutional Trading of Japan Smaller Capitalization Fund

A number of institutional investors have recently added to or reduced their stakes in the stock. Union Bancaire Privee UBP SA purchased a new position in Japan Smaller Capitalization Fund in the 4th quarter valued at approximately $32,000. Bank of America Corp DE grew its holdings 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 purchasing an additional 3,038 shares during the last quarter. Virtu Financial LLC acquired a new stake in Japan Smaller Capitalization Fund in the third quarter valued at $104,000. Pekin Hardy Strauss Inc. increased its position in shares of Japan Smaller Capitalization Fund by 23.6% in the third quarter. Pekin Hardy Strauss Inc. now owns 16,119 shares of the company’s stock valued at $133,000 after buying an additional 3,075 shares in the last quarter. Finally, HighTower Advisors LLC raised its stake in shares of Japan Smaller Capitalization Fund by 7.7% during the 3rd quarter. HighTower Advisors LLC now owns 22,471 shares of the company’s stock worth $181,000 after buying an additional 1,609 shares during the last quarter.

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.