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

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

Japan Smaller Capitalization Fund Price Performance

JOF traded down $0.07 during mid-day trading on Friday, reaching $8.41. 76,687 shares of the company traded hands, compared to its average volume of 65,089. The company’s fifty day moving average price is $8.02 and its 200-day moving average price is $7.87. Japan Smaller Capitalization Fund has a 52-week low of $6.89 and a 52-week high of $8.54.

Institutional Trading of Japan Smaller Capitalization Fund

Several large investors have recently modified their holdings of the company. Saba Capital Management L.P. boosted its position in Japan Smaller Capitalization Fund by 222.0% in the fourth quarter. Saba Capital Management L.P. now owns 1,034,195 shares of the company’s stock worth $7,932,000 after purchasing an additional 713,033 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new position in shares of Japan Smaller Capitalization Fund in the 3rd quarter worth approximately $1,351,000. Matisse Capital boosted its holdings in shares of Japan Smaller Capitalization Fund by 37.2% in the fourth quarter. Matisse Capital now owns 362,000 shares of the company’s stock worth $2,777,000 after buying an additional 98,192 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Japan Smaller Capitalization Fund during the 4th quarter valued at $724,000. Finally, Mraz Amerine & Associates Inc. grew its holdings in Japan Smaller Capitalization Fund by 225.3% during the fourth quarter. Mraz Amerine & Associates Inc. now owns 101,821 shares of the company’s stock valued at $781,000 after purchasing an additional 70,521 shares during the period.

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.