Short Interest in Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) Drops By 35.3%

Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) saw a significant drop in short interest in July. As of July 15th, there was short interest totalling 12,300 shares, a drop of 35.3% from the June 30th total of 19,000 shares. Based on an average trading volume of 46,300 shares, the short-interest ratio is currently 0.3 days.

Japan Smaller Capitalization Fund Price Performance

Shares of Japan Smaller Capitalization Fund stock traded down $0.02 on Monday, reaching $7.81. The company had a trading volume of 25,448 shares, compared to its average volume of 47,834. The firm’s 50-day moving average price is $7.67 and its two-hundred day moving average price is $7.72. Japan Smaller Capitalization Fund has a 1 year low of $6.64 and a 1 year high of $8.06.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new stake in shares of Japan Smaller Capitalization Fund in the fourth quarter valued at $277,000. Ingalls & Snyder LLC boosted its stake in shares of Japan Smaller Capitalization Fund by 100.0% during the 4th quarter. Ingalls & Snyder LLC now owns 20,000 shares of the company’s stock worth $152,000 after purchasing an additional 10,000 shares during the period. Wolverine Asset Management LLC grew its holdings in Japan Smaller Capitalization Fund by 154.4% during the 4th quarter. Wolverine Asset Management LLC now owns 54,375 shares of the company’s stock valued at $413,000 after purchasing an additional 32,999 shares during the last quarter. Matisse Capital purchased a new stake in Japan Smaller Capitalization Fund in the 4th quarter worth about $631,000. Finally, City of London Investment Management Co. Ltd. lifted its stake in Japan Smaller Capitalization Fund by 1.2% in the fourth quarter. City of London Investment Management Co. Ltd. now owns 4,500,984 shares of the company’s stock worth $34,162,000 after purchasing an additional 53,602 shares during the last quarter.

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.