Abrdn Japan Equity Fund Inc (NYSE:JEQ) Short Interest Update

Abrdn Japan Equity Fund Inc (NYSE:JEQ) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 45,300 shares, a growth of 27.2% from the February 13th total of 35,600 shares. Based on an average trading volume of 45,000 shares, the short-interest ratio is currently 1.0 days. Approximately 0.7% of the company’s shares are short sold.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Kovitz Investment Group Partners LLC acquired a new position in Abrdn Japan Equity Fund in the third quarter valued at approximately $65,000. Matisse Capital lifted its stake in Abrdn Japan Equity Fund by 17.0% during the fourth quarter. Matisse Capital now owns 201,263 shares of the company’s stock worth $1,157,000 after purchasing an additional 29,263 shares in the last quarter. Wolverine Asset Management LLC lifted its stake in Abrdn Japan Equity Fund by 77.9% during the fourth quarter. Wolverine Asset Management LLC now owns 165,606 shares of the company’s stock worth $952,000 after purchasing an additional 72,496 shares in the last quarter. Landscape Capital Management L.L.C. lifted its stake in Abrdn Japan Equity Fund by 84.5% during the third quarter. Landscape Capital Management L.L.C. now owns 98,148 shares of the company’s stock worth $613,000 after purchasing an additional 44,964 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC lifted its stake in Abrdn Japan Equity Fund by 40.7% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 25,526 shares of the company’s stock worth $147,000 after purchasing an additional 7,381 shares in the last quarter. 62.72% of the stock is currently owned by institutional investors and hedge funds.

Abrdn Japan Equity Fund Trading Up 3.0 %

JEQ traded up $0.20 during trading hours on Monday, reaching $6.65. The company’s stock had a trading volume of 207,345 shares, compared to its average volume of 49,372. Abrdn Japan Equity Fund has a fifty-two week low of $5.27 and a fifty-two week high of $6.69. The business’s 50-day moving average is $5.87 and its 200-day moving average is $5.92.

Abrdn Japan Equity Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 21st will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 6.62%. The ex-dividend date of this dividend is Friday, February 21st.

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.