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

Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) was the recipient of a significant 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 short-interest ratio is currently 0.3 days.

Japan Smaller Capitalization Fund Stock Performance

Shares of NYSE:JOF traded up $0.07 during midday trading on Monday, reaching $7.98. 48,889 shares of the company traded hands, compared to its average volume of 55,460. The firm’s fifty day moving average price is $7.75 and its two-hundred day moving average price is $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 business also recently declared an annual dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 19th were given a dividend of $0.3118 per share. The ex-dividend date of this dividend was Thursday, December 19th. This is a boost from Japan Smaller Capitalization Fund’s previous annual dividend of $0.27. This represents a dividend yield of 3.3%.

Institutional Investors Weigh In On Japan Smaller Capitalization Fund

Institutional investors and hedge funds have recently modified their holdings of the company. Union Bancaire Privee UBP SA bought a new stake in Japan Smaller Capitalization Fund during the 4th quarter worth approximately $32,000. Bank of America Corp DE increased its holdings in shares of 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 worth $39,000 after purchasing an additional 3,038 shares during the period. Virtu Financial LLC bought a new position in shares of Japan Smaller Capitalization Fund in the third quarter worth $104,000. Pekin Hardy Strauss Inc. raised 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 worth $133,000 after buying an additional 3,075 shares in the last quarter. Finally, HighTower Advisors LLC boosted its stake in 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 buying an additional 1,609 shares during the period.

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.