abrdn Japan Equity Fund Inc. (NYSE:JEQ) Short Interest Up 31.4% in August

abrdn Japan Equity Fund Inc. (NYSE:JEQ) was the target of a significant increase in short interest in August. As of August 15th, there was short interest totaling 60,700 shares, an increase of 31.4% from the July 31st total of 46,200 shares. Based on an average daily volume of 83,100 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily volume of 83,100 shares, the days-to-cover ratio is presently 0.7 days.

abrdn Japan Equity Fund Stock Up 0.8%

JEQ stock opened at $8.50 on Thursday. The business has a 50-day simple moving average of $7.78 and a 200 day simple moving average of $7.06. abrdn Japan Equity Fund has a 52 week low of $5.58 and a 52 week high of $8.51.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. CSS LLC IL acquired a new position in abrdn Japan Equity Fund during the fourth quarter worth about $60,000. Blue Bell Private Wealth Management LLC raised its stake in abrdn Japan Equity Fund by 15.3% during the first quarter. Blue Bell Private Wealth Management LLC now owns 29,426 shares of the company’s stock worth $191,000 after acquiring an additional 3,900 shares in the last quarter. Almitas Capital LLC acquired a new position in abrdn Japan Equity Fund during the first quarter worth about $394,000. Tabor Asset Management LP acquired a new position in abrdn Japan Equity Fund during the first quarter worth about $453,000. Finally, Bank of America Corp DE raised its stake in abrdn Japan Equity Fund by 8.0% during the fourth quarter. Bank of America Corp DE now owns 91,050 shares of the company’s stock worth $524,000 after acquiring an additional 6,724 shares in the last quarter. Institutional investors and hedge funds own 62.72% of the company’s stock.

About abrdn Japan Equity Fund

Abrdn 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.