Short Interest in Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) Decreases By 19.2%

Japan Smaller Capitalization Fund, Inc. (NYSE:JOFGet Rating) was the target of a significant drop in short interest in March. As of March 31st, there was short interest totalling 14,700 shares, a drop of 19.2% from the March 15th total of 18,200 shares. Based on an average daily trading volume, of 72,200 shares, the days-to-cover ratio is presently 0.2 days.

NYSE:JOF opened at $6.77 on Tuesday. The company has a 50-day simple moving average of $7.32. Japan Smaller Capitalization Fund has a twelve month low of $6.72 and a twelve month high of $9.62.

A number of large investors have recently added to or reduced their stakes in the stock. Dynamic Advisor Solutions LLC acquired a new stake in Japan Smaller Capitalization Fund in the first quarter valued at about $333,000. Virtu Financial LLC bought a new position in Japan Smaller Capitalization Fund in the fourth quarter valued at about $149,000. Bulldog Investors LLP raised its position in Japan Smaller Capitalization Fund by 3.5% in the fourth quarter. Bulldog Investors LLP now owns 143,972 shares of the company’s stock valued at $1,133,000 after purchasing an additional 4,819 shares during the last quarter. Quantedge Capital Pte Ltd raised its position in Japan Smaller Capitalization Fund by 38.2% in the fourth quarter. Quantedge Capital Pte Ltd now owns 62,181 shares of the company’s stock valued at $489,000 after purchasing an additional 17,200 shares during the last quarter. Finally, Baird Financial Group Inc. raised its position in Japan Smaller Capitalization Fund by 13.0% in the fourth quarter. Baird Financial Group Inc. now owns 69,752 shares of the company’s stock valued at $549,000 after purchasing an additional 8,007 shares during the last quarter. 65.86% of the stock is currently owned by institutional investors and hedge funds.

About Japan Smaller Capitalization Fund (Get Rating)

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.

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