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

Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) was the target of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 22,800 shares, a decrease of 33.5% from the February 28th total of 34,300 shares. Based on an average daily volume of 64,400 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On Japan Smaller Capitalization Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. Raffles Associates LP grew its position in shares of Japan Smaller Capitalization Fund by 16.1% in the third quarter. Raffles Associates LP now owns 224,025 shares of the company’s stock valued at $1,853,000 after purchasing an additional 31,000 shares in the last quarter. HighTower Advisors LLC grew its holdings in Japan Smaller Capitalization Fund by 7.7% during the 3rd quarter. HighTower Advisors LLC now owns 22,471 shares of the company’s stock valued at $181,000 after buying an additional 1,609 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new stake in shares of Japan Smaller Capitalization Fund during the third quarter valued at about $1,351,000. Virtu Financial LLC purchased a new stake in shares of Japan Smaller Capitalization Fund in the third quarter worth about $104,000. Finally, Union Bancaire Privee UBP SA purchased a new stake in shares of Japan Smaller Capitalization Fund in the fourth quarter worth about $32,000.

Japan Smaller Capitalization Fund Price Performance

NYSE:JOF traded down $0.07 on Friday, reaching $8.41. 76,687 shares of the company’s stock were exchanged, compared to its average volume of 65,089. The stock has a fifty day simple moving average of $8.02 and a 200-day simple moving average of $7.87. Japan Smaller Capitalization Fund has a 52 week low of $6.89 and a 52 week high of $8.54.

Japan Smaller Capitalization Fund Company Profile

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.