Short Interest in Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) Increases By 371.7%

Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 28,300 shares, a growth of 371.7% from the November 30th total of 6,000 shares. Based on an average daily volume of 76,500 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Raymond James & Associates increased its position in Japan Smaller Capitalization Fund by 13.1% during the second quarter. Raymond James & Associates now owns 179,281 shares of the company’s stock worth $1,359,000 after acquiring an additional 20,760 shares during the period. International Assets Investment Management LLC bought a new position in shares of Japan Smaller Capitalization Fund during the second quarter worth approximately $35,000. Matisse Capital raised its position in shares of Japan Smaller Capitalization Fund by 196.4% in the second quarter. Matisse Capital now owns 246,456 shares of the company’s stock valued at $1,868,000 after buying an additional 163,319 shares in the last quarter. Wolverine Asset Management LLC boosted its stake in shares of Japan Smaller Capitalization Fund by 9,241.9% in the second quarter. Wolverine Asset Management LLC now owns 87,627 shares of the company’s stock valued at $664,000 after buying an additional 86,689 shares during the period. Finally, Beam Wealth Advisors Inc. bought a new position in Japan Smaller Capitalization Fund during the 2nd quarter worth $306,000.

Japan Smaller Capitalization Fund Trading Down 0.8 %

JOF stock traded down $0.06 during mid-day trading on Friday, hitting $7.60. 126,574 shares of the company were exchanged, compared to its average volume of 59,357. Japan Smaller Capitalization Fund has a 1-year low of $6.89 and a 1-year high of $8.34. The business has a 50 day simple moving average of $7.71 and a 200-day simple moving average of $7.77.

Japan Smaller Capitalization Fund Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, December 27th. Shareholders of record on Thursday, December 19th will be issued a $0.3118 dividend. This represents a yield of 3.3%. This is a positive change from Japan Smaller Capitalization Fund’s previous annual dividend of $0.27. The ex-dividend date is Thursday, December 19th.

About Japan Smaller Capitalization Fund

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.