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

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC bought a new stake in shares of Japan Smaller Capitalization Fund during the second quarter worth $35,000. Virtu Financial LLC acquired a new stake in shares of Japan Smaller Capitalization Fund in the 3rd quarter valued at about $104,000. Pekin Hardy Strauss Inc. raised its stake in shares of Japan Smaller Capitalization Fund by 23.6% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 16,119 shares of the company's stock valued at $133,000 after purchasing an additional 3,075 shares during the period. HighTower Advisors LLC lifted its holdings 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 valued at $181,000 after purchasing an additional 1,609 shares in the last quarter. Finally, Mraz Amerine & Associates Inc. bought a new position in shares of Japan Smaller Capitalization Fund during the third quarter worth about $259,000.

Japan Smaller Capitalization Fund Trading Up 0.4 %

JOF traded up $0.03 during mid-day trading on Friday, hitting $8.00. The stock had a trading volume of 52,357 shares, compared to its average volume of 59,723. Japan Smaller Capitalization Fund has a 1-year low of $6.89 and a 1-year high of $8.34. The stock's fifty day simple moving average is $7.77 and its 200-day simple moving average is $7.78.

Japan Smaller Capitalization Fund Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Friday, December 27th. Shareholders of record on Thursday, December 19th will be issued a dividend of $0.3118 per share. The ex-dividend date is Thursday, December 19th. This is a positive change from Japan Smaller Capitalization Fund's previous annual dividend of $0.27. This represents a yield of 3.3%.

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.

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