Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) Short Interest Up 50.6% in March

Japan Smaller Capitalization Fund, Inc. (NYSE:JOFGet Free Report) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totaling 14,590 shares, a growth of 50.6% from the March 15th total of 9,687 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 108,990 shares, the short-interest ratio is presently 0.1 days.

Japan Smaller Capitalization Fund Stock Up 1.2%

NYSE:JOF traded up $0.13 on Tuesday, reaching $11.13. 97,791 shares of the company’s stock were exchanged, compared to its average volume of 116,982. The business has a fifty day moving average of $11.41 and a 200-day moving average of $10.96. Japan Smaller Capitalization Fund has a 52-week low of $8.19 and a 52-week high of $12.76.

Japan Smaller Capitalization Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.0887 per share. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 9.6%.

Institutional Trading of Japan Smaller Capitalization Fund

A number of institutional investors and hedge funds have recently bought and sold shares of JOF. Lazard Asset Management LLC increased its stake in Japan Smaller Capitalization Fund by 50.1% during the fourth quarter. Lazard Asset Management LLC now owns 3,470,865 shares of the company’s stock worth $38,457,000 after purchasing an additional 1,157,842 shares during the period. Bank of America Corp DE increased its stake in shares of Japan Smaller Capitalization Fund by 37,758.0% during the second quarter. Bank of America Corp DE now owns 795,018 shares of the company’s stock worth $7,664,000 after buying an additional 792,918 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Japan Smaller Capitalization Fund by 9.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 5,487,892 shares of the company’s stock worth $57,842,000 after buying an additional 454,000 shares during the period. Bulldog Investors LLP increased its stake in shares of Japan Smaller Capitalization Fund by 184.4% during the third quarter. Bulldog Investors LLP now owns 217,948 shares of the company’s stock worth $2,297,000 after buying an additional 141,310 shares during the period. Finally, Pekin Hardy Strauss Inc. increased its stake in shares of Japan Smaller Capitalization Fund by 116.0% during the third quarter. Pekin Hardy Strauss Inc. now owns 197,467 shares of the company’s stock worth $2,081,000 after buying an additional 106,068 shares during the period.

About Japan Smaller Capitalization Fund

(Get Free Report)

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.

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