Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) Short Interest Update

Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) was the target of a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 6,000 shares, an increase of 53.8% from the November 15th total of 3,900 shares. Based on an average daily volume of 76,600 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Japan Smaller Capitalization Fund

Hedge funds have recently made changes to their positions in the company. City of London Investment Management Co. Ltd. grew its position in shares of Japan Smaller Capitalization Fund by 8.8% during the 2nd quarter. City of London Investment Management Co. Ltd. now owns 4,903,167 shares of the company’s stock worth $37,166,000 after buying an additional 395,290 shares in the last quarter. Hara Capital LLC grew its position in Japan Smaller Capitalization Fund by 12.8% during the 3rd quarter. Hara Capital LLC now owns 378,164 shares of the company’s stock worth $3,127,000 after purchasing an additional 43,053 shares during the period. Almitas Capital LLC raised its position in Japan Smaller Capitalization Fund by 26.2% during the second quarter. Almitas Capital LLC now owns 360,847 shares of the company’s stock valued at $2,735,000 after acquiring an additional 74,904 shares in the last quarter. Matisse Capital grew its position in Japan Smaller Capitalization Fund by 196.4% during the second quarter. Matisse Capital now owns 246,456 shares of the company’s stock valued at $1,868,000 after buying an additional 163,319 shares during the period. Finally, Raffles Associates LP grew its position in shares of Japan Smaller Capitalization Fund by 16.1% during the 3rd quarter. Raffles Associates LP now owns 224,025 shares of the company’s stock valued at $1,853,000 after acquiring an additional 31,000 shares during the period.

Japan Smaller Capitalization Fund Trading Up 0.4 %

Shares of Japan Smaller Capitalization Fund stock traded up $0.03 on Friday, hitting $8.00. 52,357 shares of the company’s stock were exchanged, compared to its average volume of 59,723. The company has a 50-day simple moving average of $7.77 and a 200-day simple moving average of $7.78. Japan Smaller Capitalization Fund has a 1 year low of $6.89 and a 1 year high of $8.34.

Japan Smaller Capitalization Fund Increases Dividend

The business also recently announced an annual dividend, which will be paid on Friday, December 27th. Stockholders of record on Thursday, December 19th will be issued a $0.3118 dividend. This represents a dividend yield of 3.3%. The ex-dividend date of this dividend is Thursday, December 19th. This is an increase from Japan Smaller Capitalization Fund’s previous annual dividend of $0.27.

About Japan Smaller Capitalization Fund

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.