Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) Sees Significant Growth in Short Interest

Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) was the target of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 34,300 shares, an increase of 91.6% from the February 13th total of 17,900 shares. Based on an average daily trading volume, of 62,500 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the company’s stock are short sold.

Japan Smaller Capitalization Fund Stock Up 1.4 %

JOF stock traded up $0.12 during trading on Friday, reaching $8.38. 36,477 shares of the stock were exchanged, compared to its average volume of 60,071. The firm’s 50 day moving average is $7.85 and its 200 day moving average is $7.84. Japan Smaller Capitalization Fund has a twelve month low of $6.89 and a twelve month high of $8.44.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. HighTower Advisors LLC raised its stake in 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 period. Nomura Asset Management Co. Ltd. increased its holdings in Japan Smaller Capitalization Fund by 4.0% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 58,257 shares of the company’s stock worth $447,000 after purchasing an additional 2,251 shares in the last quarter. Bank of America Corp DE increased its holdings in Japan Smaller Capitalization Fund by 144.7% during the 4th 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. Pekin Hardy Strauss Inc. increased its holdings in Japan Smaller Capitalization Fund by 23.6% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 16,119 shares of the company’s stock worth $133,000 after purchasing an additional 3,075 shares in the last quarter. Finally, Union Bancaire Privee UBP SA bought a new stake in Japan Smaller Capitalization Fund during the 4th quarter worth approximately $32,000.

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.