Short Interest in Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) Rises By 77.7%

Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 26,742 shares, a growth of 77.7% from the May 14th total of 15,049 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 51,522 shares, the days-to-cover ratio is presently 0.5 days.

Japan Smaller Capitalization Fund Stock Up 1.1%

Shares of Japan Smaller Capitalization Fund stock traded up $0.12 on Monday, reaching $11.64. The company’s stock had a trading volume of 35,351 shares, compared to its average volume of 104,733. Japan Smaller Capitalization Fund has a 52-week low of $9.36 and a 52-week high of $12.76. The stock has a 50-day moving average price of $11.36 and a 200-day moving average price of $11.26.

Japan Smaller Capitalization Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a $0.0956 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 9.9%.

Institutional Trading of Japan Smaller Capitalization Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Lazard Asset Management LLC raised its position in shares of Japan Smaller Capitalization Fund by 50.1% during the 4th quarter. Lazard Asset Management LLC now owns 3,470,865 shares of the company’s stock worth $38,457,000 after purchasing an additional 1,157,842 shares during the last quarter. Bank of America Corp DE raised its position in shares of Japan Smaller Capitalization Fund by 37,758.0% during the 2nd quarter. Bank of America Corp DE now owns 795,018 shares of the company’s stock worth $7,664,000 after purchasing an additional 792,918 shares during the last quarter. Bulldog Investors LLP raised its position in shares of Japan Smaller Capitalization Fund by 184.4% during the 3rd quarter. Bulldog Investors LLP now owns 217,948 shares of the company’s stock worth $2,297,000 after purchasing an additional 141,310 shares during the last quarter. Altium Capital Management LLC raised its position in shares of Japan Smaller Capitalization Fund by 278.2% during the 1st quarter. Altium Capital Management LLC now owns 150,412 shares of the company’s stock worth $1,639,000 after purchasing an additional 110,637 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. raised its position in shares of Japan Smaller Capitalization Fund by 116.0% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 197,467 shares of the company’s stock worth $2,081,000 after purchasing an additional 106,068 shares during the last quarter.

Japan Smaller Capitalization Fund Company Profile

Japan Smaller Capitalization Fund, Inc (NYSE: JOF) is a U.S.-listed closed-end investment company dedicated to long-term capital appreciation through exposure to Japan’s smaller capitalization equities. The fund seeks to identify and invest in firms whose market valuations and growth prospects may be overlooked by broader market indices, offering investors differentiated access to Japan’s domestic growth opportunities.

The portfolio typically comprises equity securities of companies traded on the Tokyo Stock Exchange and other recognized Japanese markets, with a focus on firms outside the large-cap segment.