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

Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 26,742 shares, an increase of 77.7% from the May 14th total of 15,049 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 51,522 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On Japan Smaller Capitalization Fund

Several institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE lifted its holdings in shares of Japan Smaller Capitalization Fund by 144.7% in the 4th 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 period. Raymond James Financial Inc. lifted its holdings in shares of Japan Smaller Capitalization Fund by 4.0% in the 3rd quarter. Raymond James Financial Inc. now owns 101,127 shares of the company’s stock valued at $1,066,000 after buying an additional 3,847 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Japan Smaller Capitalization Fund in the 4th quarter valued at about $43,000. Western Wealth Management LLC acquired a new position in shares of Japan Smaller Capitalization Fund in the 1st quarter valued at about $50,000. Finally, Triasima Portfolio Management inc. lifted its holdings in shares of Japan Smaller Capitalization Fund by 38.0% in the 4th quarter. Triasima Portfolio Management inc. now owns 21,800 shares of the company’s stock valued at $242,000 after buying an additional 6,000 shares during the period.

Japan Smaller Capitalization Fund Stock Performance

Shares of JOF stock traded down $0.06 on Tuesday, hitting $11.58. The company had a trading volume of 41,100 shares, compared to its average volume of 104,238. The company has a 50-day moving average price of $11.37 and a 200-day moving average price of $11.27. Japan Smaller Capitalization Fund has a twelve month low of $9.36 and a twelve month high of $12.76.

Japan Smaller Capitalization Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $0.0956 dividend. This represents a c) annualized dividend and a dividend yield of 9.9%. The ex-dividend date of this dividend is Tuesday, September 15th.

About Japan Smaller Capitalization Fund

Japan Smaller Capitalization Fund, Inc (NYSE: JOF) is a U.S.-listed closed-end investment company dedicated to long-term capital appreciation through exposure to Japan’s smaller capitalization equities. The fund seeks to identify and invest in firms whose market valuations and growth prospects may be overlooked by broader market indices, offering investors differentiated access to Japan’s domestic growth opportunities.

The portfolio typically comprises equity securities of companies traded on the Tokyo Stock Exchange and other recognized Japanese markets, with a focus on firms outside the large-cap segment.