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

Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 6,533 shares, a decline of 80.5% from the July 15th total of 33,437 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 96,929 shares, the days-to-cover ratio is currently 0.1 days.

Japan Smaller Capitalization Fund Stock Up 0.5%

JOF stock traded up $0.06 on Thursday, hitting $12.56. The company’s stock had a trading volume of 74,141 shares, compared to its average volume of 94,560. The firm has a 50 day moving average of $11.66 and a two-hundred day moving average of $11.51. Japan Smaller Capitalization Fund has a 1 year low of $9.94 and a 1 year high of $12.76.

Japan Smaller Capitalization Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $0.0956 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 9.1%.

Institutional Investors Weigh In On Japan Smaller Capitalization Fund

Several hedge funds have recently made changes to their positions in JOF. Lazard Asset Management LLC increased its position in Japan Smaller Capitalization Fund by 0.9% in the 1st quarter. Lazard Asset Management LLC now owns 3,500,613 shares of the company’s stock valued at $38,157,000 after acquiring an additional 29,748 shares during the period. Bank of America Corp DE grew its stake in shares of Japan Smaller Capitalization Fund by 37,758.0% in the 2nd quarter. Bank of America Corp DE now owns 795,018 shares of the company’s stock valued at $7,664,000 after purchasing an additional 792,918 shares during the last quarter. Pekin Hardy Strauss Inc. grew its stake in shares of Japan Smaller Capitalization Fund by 4.3% in the 4th quarter. Pekin Hardy Strauss Inc. now owns 205,920 shares of the company’s stock valued at $2,282,000 after purchasing an additional 8,453 shares during the last quarter. Mraz Amerine & Associates Inc. increased its holdings in shares of Japan Smaller Capitalization Fund by 12.7% in the fourth quarter. Mraz Amerine & Associates Inc. now owns 174,710 shares of the company’s stock valued at $1,936,000 after purchasing an additional 19,659 shares during the period. Finally, Altium Capital Management LLC increased its holdings in shares of Japan Smaller Capitalization Fund by 278.2% in the first quarter. Altium Capital Management LLC now owns 150,412 shares of the company’s stock valued at $1,639,000 after purchasing an additional 110,637 shares during the period.

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.