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

Japan Smaller Capitalization Fund, Inc. (NYSE:JOF – Get Rating) was the recipient of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 9,800 shares, a growth of 40.0% from the February 13th total of 7,000 shares. Based on an average daily volume of 39,400 shares, the short-interest ratio is currently 0.2 days.

Japan Smaller Capitalization Fund Stock Performance

Shares of JOF stock opened at $6.85 on Tuesday. Japan Smaller Capitalization Fund has a one year low of $5.55 and a one year high of $7.42. The company’s fifty day moving average price is $6.79 and its 200-day moving average price is $6.36.

Institutional Trading of Japan Smaller Capitalization Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. City of London Investment Management Co. Ltd. increased its holdings in Japan Smaller Capitalization Fund by 2.5% in the 3rd quarter. City of London Investment Management Co. Ltd. now owns 4,612,581 shares of the company’s stock valued at $26,937,000 after acquiring an additional 111,689 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Japan Smaller Capitalization Fund by 2.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,979,262 shares of the company’s stock worth $35,038,000 after buying an additional 158,042 shares during the last quarter. Shaker Financial Services LLC increased its holdings in shares of Japan Smaller Capitalization Fund by 41.6% in the 3rd quarter. Shaker Financial Services LLC now owns 80,043 shares of the company’s stock worth $469,000 after buying an additional 23,520 shares during the last quarter. National Bank of Canada FI bought a new stake in shares of Japan Smaller Capitalization Fund in the 4th quarter worth about $32,000. Finally, Waterfront Wealth Inc. increased its holdings in shares of Japan Smaller Capitalization Fund by 21.0% in the 4th quarter. Waterfront Wealth Inc. now owns 15,000 shares of the company’s stock worth $103,000 after buying an additional 2,600 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.

Japan Smaller Capitalization Fund Company Profile

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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.