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 June. As of June 15th, there was short interest totaling 11,159 shares, a decline of 58.3% from the May 31st total of 26,742 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 83,544 shares, the days-to-cover ratio is currently 0.1 days.

Japan Smaller Capitalization Fund Stock Performance

JOF traded down $0.06 during trading on Tuesday, hitting $11.79. The stock had a trading volume of 109,318 shares, compared to its average volume of 82,082. Japan Smaller Capitalization Fund has a twelve month low of $9.52 and a twelve month high of $12.76. The company’s 50-day moving average price is $11.52 and its 200 day moving average price is $11.35.

Japan Smaller Capitalization Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors 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) annualized dividend and a dividend yield of 9.7%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC lifted its position in shares of Japan Smaller Capitalization Fund by 0.9% during 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 increased its stake in 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 in the last quarter. Bulldog Investors LLP increased its stake in Japan Smaller Capitalization Fund by 184.4% in the 3rd quarter. Bulldog Investors LLP now owns 217,948 shares of the company’s stock valued at $2,297,000 after purchasing an additional 141,310 shares in the last quarter. Pekin Hardy Strauss Inc. raised its holdings in Japan Smaller Capitalization Fund by 4.3% during the fourth quarter. Pekin Hardy Strauss Inc. now owns 205,920 shares of the company’s stock worth $2,282,000 after purchasing an additional 8,453 shares during the last quarter. Finally, Mraz Amerine & Associates Inc. raised its holdings in Japan Smaller Capitalization Fund by 12.7% during the fourth quarter. Mraz Amerine & Associates Inc. now owns 174,710 shares of the company’s stock worth $1,936,000 after purchasing an additional 19,659 shares during the last quarter.

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.