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

Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) saw a large growth in short interest during 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 trading volume of 76,500 shares, the days-to-cover ratio is currently 0.4 days.

Japan Smaller Capitalization Fund Trading Up 1.9 %

Shares of NYSE JOF traded up $0.14 during mid-day trading on Thursday, reaching $7.66. The company had a trading volume of 37,555 shares, compared to its average volume of 59,088. Japan Smaller Capitalization Fund has a 52 week low of $6.89 and a 52 week high of $8.34. The business’s 50-day moving average is $7.71 and its 200-day moving average is $7.77.

Japan Smaller Capitalization Fund Increases Dividend

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

Institutional Trading of Japan Smaller Capitalization Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. City of London Investment Management Co. Ltd. increased its holdings in Japan Smaller Capitalization Fund by 8.8% during the 2nd quarter. City of London Investment Management Co. Ltd. now owns 4,903,167 shares of the company’s stock worth $37,166,000 after purchasing an additional 395,290 shares during the period. Kovitz Investment Group Partners LLC purchased a new position in shares of Japan Smaller Capitalization Fund during the third quarter valued at $1,351,000. Matisse Capital raised its holdings 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 acquiring an additional 163,319 shares in the last quarter. Wolverine Asset Management LLC lifted its stake in 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 worth $664,000 after acquiring an additional 86,689 shares during the period. Finally, Almitas Capital LLC lifted its stake in Japan Smaller Capitalization Fund by 26.2% in the second quarter. Almitas Capital LLC now owns 360,847 shares of the company’s stock worth $2,735,000 after acquiring an additional 74,904 shares during the period.

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.