Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) Sees Large Decrease in Short Interest

Key Points

• Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) experienced a significant decline in short interest, dropping 39.5% in July to a total of 24,000 shares.
• Several major investors increased their stakes in JOF, with CWM LLC raising its holdings by 275.5%, now owning 4,506 shares valued at $38,000.
• The fund declared a dividend of $0.0887 per share, representing a yield of 1,021.0%, to be paid on August 29th.

Japan Smaller Capitalization Fund, Inc. (NYSE:JOF - ) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 24,000 shares, adeclineof39.5% from the July 15th total of 39,700 shares. Approximately0.1% of the shares of the stock are short sold. Based on an average daily volume of 74,800 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 74,800 shares, the short-interest ratio is presently 0.3 days. Approximately0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in JOF. CWM LLC lifted its holdings in Japan Smaller Capitalization Fund by 275.5% in the first quarter. CWM LLC now owns 4,506 shares of the company's stock valued at $38,000 after acquiring an additional 3,306 shares during the last quarter. Bank of America Corp DE raised its position in Japan Smaller Capitalization Fund by 144.7% in the fourth quarter. Bank of America Corp DE now owns 5,138 shares of the company's stock valued at $39,000 after purchasing an additional 3,038 shares during the period. Virtu Financial LLC purchased a new stake in Japan Smaller Capitalization Fund in the first quarter valued at approximately $94,000. Pekin Hardy Strauss Inc. raised its position in Japan Smaller Capitalization Fund by 9.3% in the first quarter. Pekin Hardy Strauss Inc. now owns 17,619 shares of the company's stock valued at $148,000 after purchasing an additional 1,500 shares during the period. Finally, Mills Wealth Advisors LLC raised its position in Japan Smaller Capitalization Fund by 9.1% in the second quarter. Mills Wealth Advisors LLC now owns 24,851 shares of the company's stock valued at $240,000 after purchasing an additional 2,070 shares during the period.

Japan Smaller Capitalization Fund Trading Down 0.8%

JOF traded down $0.08 during trading hours on Tuesday, reaching $10.42. The company's stock had a trading volume of 49,636 shares, compared to its average volume of 77,200. Japan Smaller Capitalization Fund has a fifty-two week low of $7.43 and a fifty-two week high of $10.61. The business's 50-day moving average is $9.82 and its 200-day moving average is $8.96.

Japan Smaller Capitalization Fund Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 18th will be issued a $0.0887 dividend. The ex-dividend date is Friday, August 15th. This represents a yield of 1,021.0%.

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.

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