Short Interest in Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) Increases By 25.0%

Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 28,500 shares, a growth of 25.0% from the March 15th total of 22,800 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 70,900 shares, the short-interest ratio is presently 0.4 days.

Japan Smaller Capitalization Fund Stock Performance

Shares of NYSE JOF traded down $0.05 during mid-day trading on Monday, reaching $8.33. 142,025 shares of the company’s stock were exchanged, compared to its average volume of 66,851. The company’s 50-day moving average is $8.14 and its 200-day moving average is $7.87. Japan Smaller Capitalization Fund has a 52-week low of $6.89 and a 52-week high of $8.54.

Institutional Investors Weigh In On Japan Smaller Capitalization Fund

A number of hedge funds have recently added to or reduced their stakes in the business. Union Bancaire Privee UBP SA acquired a new stake in Japan Smaller Capitalization Fund in the fourth quarter valued at approximately $32,000. Bank of America Corp DE grew its stake in shares of Japan Smaller Capitalization Fund by 144.7% during the fourth quarter. Bank of America Corp DE now owns 5,138 shares of the company’s stock worth $39,000 after purchasing an additional 3,038 shares in the last quarter. Virtu Financial LLC purchased a new position in Japan Smaller Capitalization Fund in the third quarter valued at $104,000. HighTower Advisors LLC raised its stake in Japan Smaller Capitalization Fund by 7.7% in the third quarter. HighTower Advisors LLC now owns 22,471 shares of the company’s stock valued at $181,000 after buying an additional 1,609 shares in the last quarter. Finally, DKM Wealth Management Inc. purchased a new stake in Japan Smaller Capitalization Fund during the fourth quarter worth approximately $261,000.

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.