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

Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 11,137 shares, a growth of 235.7% from the August 15th total of 3,318 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 58,108 shares, the days-to-cover ratio is currently 0.2 days.

Japan Smaller Capitalization Fund Stock Performance

Japan Smaller Capitalization Fund stock traded down $0.09 during midday trading on Monday, reaching $12.47. 62,870 shares of the stock traded hands, compared to its average volume of 94,486. The company has a 50-day simple moving average of $12.05 and a two-hundred day simple moving average of $11.61. Japan Smaller Capitalization Fund has a 12-month low of $9.94 and a 12-month high of $12.85.

Japan Smaller Capitalization Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Tuesday, December 15th will be issued a $0.0956 dividend. The ex-dividend date is Tuesday, December 15th. This represents a c) dividend on an annualized basis and a dividend yield of 9.2%.

Institutional Investors Weigh In On Japan Smaller Capitalization Fund

A number of institutional investors and hedge funds have recently bought and sold shares of JOF. Integrated Wealth Concepts LLC acquired a new stake in shares of Japan Smaller Capitalization Fund during the second quarter worth about $35,000. International Assets Investment Management LLC acquired a new position in Japan Smaller Capitalization Fund during the fourth quarter worth approximately $43,000. Western Wealth Management LLC acquired a new position in Japan Smaller Capitalization Fund during the first quarter worth approximately $50,000. Bank of America Corp DE lifted its stake in 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 valued at $39,000 after buying an additional 3,038 shares during the last quarter. Finally, Colonial Trust Advisors acquired a new stake in shares of Japan Smaller Capitalization Fund in the fourth quarter valued at approximately $104,000.

About Japan Smaller Capitalization Fund

Japan Smaller Capitalization Fund, Inc (NYSE:JOF) is a closed-end investment company that seeks long-term capital appreciation by investing primarily in the equity securities of smaller-capitalization companies in Japan.

The fund provides investors with diversified exposure to Japan’s small-capitalization market across a range of industries. Its portfolio may include companies at different stages of development, with investment selection focused on identifying businesses that the adviser believes offer attractive long-term growth potential.

Japan Smaller Capitalization Fund has been listed in the United States since 1987.