Aberdeen Japan Equity Fund, Inc. (NYSE:JEQ) Sees Significant Decrease in Short Interest

Aberdeen Japan Equity Fund, Inc. (NYSE:JEQ – Get Rating) saw a large drop in short interest in May. As of May 15th, there was short interest totalling 2,300 shares, a drop of 65.2% from the April 30th total of 6,600 shares. Based on an average trading volume of 24,700 shares, the days-to-cover ratio is currently 0.1 days.

Shares of JEQ opened at $6.15 on Thursday. The stock has a 50 day moving average of $6.49 and a 200-day moving average of $7.56. Aberdeen Japan Equity Fund has a 52 week low of $5.91 and a 52 week high of $10.26.

The business also recently disclosed an annual dividend, which will be paid on Thursday, June 30th. Investors of record on Friday, May 20th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, May 19th. This represents a yield of 6.2%.

Large investors have recently added to or reduced their stakes in the stock. Landscape Capital Management L.L.C. acquired a new position in Aberdeen Japan Equity Fund during the 4th quarter valued at approximately $102,000. Guggenheim Capital LLC bought a new stake in Aberdeen Japan Equity Fund during the 4th quarter valued at $106,000. Shepherd Kaplan Krochuk LLC bought a new stake in Aberdeen Japan Equity Fund during the 1st quarter valued at $169,000. Blue Bell Private Wealth Management LLC raised its stake in Aberdeen Japan Equity Fund by 7.8% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 35,642 shares of the company’s stock valued at $290,000 after acquiring an additional 2,564 shares in the last quarter. Finally, Shaker Financial Services LLC raised its stake in Aberdeen Japan Equity Fund by 172.6% during the 1st quarter. Shaker Financial Services LLC now owns 40,078 shares of the company’s stock valued at $279,000 after acquiring an additional 25,378 shares in the last quarter. Institutional investors and hedge funds own 62.01% of the company’s stock.

Aberdeen Japan Equity Fund Company Profile (Get Rating)

Aberdeen Japan Equity Fund, Inc is a close ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. It invests in the public equity markets of Japan. The fund invests in stocks of companies operating across diversified sectors. It employs quantitative analysis to build its portfolio.

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