Short Interest in Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) Declines By 33.5%

Japan Smaller Capitalization Fund, Inc. (NYSE:JOF - Get Free Report) was the recipient of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 22,800 shares, a decrease of 33.5% from the February 28th total of 34,300 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 64,400 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. HighTower Advisors LLC raised its position in shares of Japan Smaller Capitalization Fund by 7.7% in the third quarter. HighTower Advisors LLC now owns 22,471 shares of the company's stock worth $181,000 after buying an additional 1,609 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of Japan Smaller Capitalization Fund by 4.0% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 58,257 shares of the company's stock valued at $447,000 after acquiring an additional 2,251 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Japan Smaller Capitalization Fund by 144.7% during the 4th quarter. Bank of America Corp DE now owns 5,138 shares of the company's stock valued at $39,000 after acquiring an additional 3,038 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of Japan Smaller Capitalization Fund during the fourth quarter worth about $32,000. Finally, Hara Capital LLC increased its position in shares of Japan Smaller Capitalization Fund by 2.4% in the fourth quarter. Hara Capital LLC now owns 387,063 shares of the company's stock worth $2,969,000 after purchasing an additional 8,899 shares during the last quarter.

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Japan Smaller Capitalization Fund Price Performance

NYSE:JOF traded down $0.06 during mid-day trading on Wednesday, hitting $8.23. 5,820 shares of the stock traded hands, compared to its average volume of 65,041. The business's 50-day moving average price is $8.05 and its 200 day moving average price is $7.88. Japan Smaller Capitalization Fund has a 12-month low of $6.89 and a 12-month high of $8.54.

Japan Smaller Capitalization Fund Company Profile

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.