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

Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) was the recipient of a significant increase in short interest during the month of August. As of August 15th, there was short interest totalling 7,100 shares, an increase of 343.8% from the July 31st total of 1,600 shares. Based on an average daily trading volume, of 61,200 shares, the days-to-cover ratio is presently 0.1 days.

Japan Smaller Capitalization Fund Price Performance

NYSE JOF traded up $0.08 during trading on Tuesday, reaching $8.02. 112,143 shares of the company’s stock were exchanged, compared to its average volume of 52,924. Japan Smaller Capitalization Fund has a fifty-two week low of $6.64 and a fifty-two week high of $8.09. The business has a 50 day moving average price of $7.66 and a 200-day moving average price of $7.72.

Hedge Funds Weigh In On Japan Smaller Capitalization Fund

Several institutional investors and hedge funds have recently made changes to their positions in the company. Karpus Management Inc. boosted its stake in shares of Japan Smaller Capitalization Fund by 3.5% in the fourth quarter. Karpus Management Inc. now owns 1,065,494 shares of the company’s stock valued at $8,087,000 after buying an additional 36,012 shares during the period. 1607 Capital Partners LLC boosted its stake in shares of Japan Smaller Capitalization Fund by 3.8% in the fourth quarter. 1607 Capital Partners LLC now owns 5,053,077 shares of the company’s stock valued at $38,353,000 after buying an additional 186,259 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in shares of Japan Smaller Capitalization Fund by 3.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 56,006 shares of the company’s stock valued at $425,000 after buying an additional 1,867 shares during the period. Weiss Asset Management LP bought a new stake in shares of Japan Smaller Capitalization Fund in the fourth quarter valued at approximately $81,000. Finally, City of London Investment Management Co. Ltd. boosted its stake in shares of Japan Smaller Capitalization Fund by 1.2% in the fourth quarter. City of London Investment Management Co. Ltd. now owns 4,500,984 shares of the company’s stock valued at $34,162,000 after buying an additional 53,602 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.