Short Interest in Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) Rises By 77.7%

Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) saw a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 26,742 shares, an increase of 77.7% from the May 14th total of 15,049 shares. Based on an average daily volume of 51,522 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Spectrum Asset Management Inc. NB CA acquired a new position in Japan Smaller Capitalization Fund in the fourth quarter valued at approximately $521,000. Bulldog Investors LLP lifted its holdings in Japan Smaller Capitalization Fund by 184.4% in the third quarter. Bulldog Investors LLP now owns 217,948 shares of the company’s stock valued at $2,297,000 after acquiring an additional 141,310 shares during the period. Pekin Hardy Strauss Inc. lifted its holdings in Japan Smaller Capitalization Fund by 116.0% in the third quarter. Pekin Hardy Strauss Inc. now owns 197,467 shares of the company’s stock valued at $2,081,000 after acquiring an additional 106,068 shares during the period. Sax Wealth Advisors LLC acquired a new position in Japan Smaller Capitalization Fund in the fourth quarter valued at approximately $302,000. Finally, Cibc World Market Inc. lifted its holdings in Japan Smaller Capitalization Fund by 47.9% in the third quarter. Cibc World Market Inc. now owns 58,700 shares of the company’s stock valued at $619,000 after acquiring an additional 19,000 shares during the period.

Japan Smaller Capitalization Fund Price Performance

NYSE:JOF traded up $0.12 during mid-day trading on Monday, hitting $11.64. The company’s stock had a trading volume of 35,351 shares, compared to its average volume of 104,733. Japan Smaller Capitalization Fund has a 1 year low of $9.36 and a 1 year high of $12.76. The business’s fifty day moving average is $11.36 and its two-hundred day moving average is $11.26.

Japan Smaller Capitalization Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.0956 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 9.9%.

Japan Smaller Capitalization Fund Company Profile

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.