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

by · The Cerbat Gem

Japan Smaller Capitalization Fund, Inc. (NYSE:JOF – Get Free Report) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 11,137 shares, a growth of 235.7% from the August 15th total of 3,318 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 58,108 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Japan Smaller Capitalization Fund

Several hedge funds have recently modified their holdings of JOF. Lazard Asset Management LLC lifted its holdings 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 valued at $38,457,000 after purchasing an additional 1,157,842 shares during the last quarter. Bank of America Corp DE increased its holdings 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 worth $7,664,000 after buying an additional 792,918 shares during the last quarter. Almitas Capital LLC bought a new position in Japan Smaller Capitalization Fund in the second quarter valued at $4,551,000. Raffles Associates LP bought a new stake in Japan Smaller Capitalization Fund in the 2nd quarter worth approximately $1,307,000. Finally, Altium Capital Management LLC lifted its holdings in shares of Japan Smaller Capitalization Fund by 278.2% in the 1st quarter. Altium Capital Management LLC now owns 150,412 shares of the company’s stock worth $1,639,000 after acquiring an additional 110,637 shares during the last quarter.

Japan Smaller Capitalization Fund Stock Performance

Shares of NYSE:JOF traded up $0.08 during mid-day trading on Friday, hitting $12.53. The company had a trading volume of 106,126 shares, compared to its average volume of 53,838. Japan Smaller Capitalization Fund has a one year low of $9.94 and a one year high of $12.85. The firm has a fifty day moving average price of $12.05 and a 200 day moving average price of $11.61.

Japan Smaller Capitalization Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Tuesday, December 15th will be issued a $0.0956 dividend. The ex-dividend date is Tuesday, December 15th. This represents a c) annualized dividend and a yield of 9.2%.

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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