Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) Stock Position Lowered by City of London Investment Management Co. Ltd.

Key Points

• City of London Investment Management Co. Ltd. reduced its stake in Japan Smaller Capitalization Fund by 1.2%, owning 4,486,762 shares after selling 54,916 shares in Q1.
• The Japan Smaller Capitalization Fund's stock price is currently around $9.97, with a one-year range between $6.99 and $9.98.
• Institutional investors have shown significant interest, with firms like Bank of America Corp DE increasing their holdings by 144.7% in the last quarter.

City of London Investment Management Co. Ltd. cut its holdings in shares of Japan Smaller Capitalization Fund, Inc. (NYSE:JOF - Free Report) by 1.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,486,762 shares of the company's stock after selling 54,916 shares during the period. Japan Smaller Capitalization Fund accounts for about 4.0% of City of London Investment Management Co. Ltd.'s holdings, making the stock its 9th biggest position. City of London Investment Management Co. Ltd. owned approximately 12.74% of Japan Smaller Capitalization Fund worth $37,644,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of JOF. CWM LLC grew its position in Japan Smaller Capitalization Fund by 275.5% in the 1st quarter. CWM LLC now owns 4,506 shares of the company's stock valued at $38,000 after buying an additional 3,306 shares during the last quarter. Bank of America Corp DE grew its position in Japan Smaller Capitalization Fund by 144.7% in the 4th quarter. Bank of America Corp DE now owns 5,138 shares of the company's stock valued at $39,000 after buying an additional 3,038 shares during the last quarter. Pekin Hardy Strauss Inc. grew its position in Japan Smaller Capitalization Fund by 9.3% in the 1st quarter. Pekin Hardy Strauss Inc. now owns 17,619 shares of the company's stock valued at $148,000 after buying an additional 1,500 shares during the last quarter. Blue Bell Private Wealth Management LLC grew its position in Japan Smaller Capitalization Fund by 4.3% in the 1st quarter. Blue Bell Private Wealth Management LLC now owns 41,150 shares of the company's stock valued at $345,000 after buying an additional 1,700 shares during the last quarter. Finally, Boothbay Fund Management LLC grew its position in Japan Smaller Capitalization Fund by 88.3% in the 4th quarter. Boothbay Fund Management LLC now owns 51,595 shares of the company's stock valued at $396,000 after buying an additional 24,200 shares during the last quarter.

Japan Smaller Capitalization Fund Stock Performance

NYSE:JOF traded up $0.16 during midday trading on Friday, reaching $10.41. The stock had a trading volume of 205,232 shares, compared to its average volume of 63,759. The firm has a fifty day simple moving average of $9.68 and a two-hundred day simple moving average of $8.79. Japan Smaller Capitalization Fund, Inc. has a 12-month low of $7.29 and a 12-month high of $10.46.

Japan Smaller Capitalization Fund 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.