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

Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) was the recipient of a significant growth in short interest during 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 daily trading volume, of 58,400 shares, the days-to-cover ratio is presently 0.3 days.

Japan Smaller Capitalization Fund Stock Up 0.8 %

Shares of JOF traded up $0.07 during trading hours on Monday, hitting $7.98. The company had a trading volume of 48,889 shares, compared to its average volume of 55,460. Japan Smaller Capitalization Fund has a 52-week low of $6.89 and a 52-week high of $8.34. The stock’s 50 day moving average price is $7.75 and its 200 day moving average price is $7.82.

Japan Smaller Capitalization Fund Increases Dividend

The business 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. This is a boost from Japan Smaller Capitalization Fund’s previous annual dividend of $0.27. This represents a yield of 3.3%. The ex-dividend date of this dividend was Thursday, December 19th.

Institutional Trading of Japan Smaller Capitalization Fund

Institutional investors have recently made changes to their positions in the stock. Union Bancaire Privee UBP SA bought a new position in shares of Japan Smaller Capitalization Fund in the fourth quarter worth approximately $32,000. Bank of America Corp DE grew its holdings in Japan Smaller Capitalization Fund by 144.7% in the 4th quarter. Bank of America Corp DE now owns 5,138 shares of the company’s stock worth $39,000 after acquiring an additional 3,038 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Japan Smaller Capitalization Fund in the third quarter valued at about $104,000. Pekin Hardy Strauss Inc. raised its stake 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 valued at $133,000 after acquiring an additional 3,075 shares during the last quarter. Finally, HighTower Advisors LLC raised its stake in shares of Japan Smaller Capitalization Fund by 7.7% during the third 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 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.