Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) Sees Significant Decline 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 - Get Free Report) was the recipient of a significant 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. Currently,0.1% of the shares of the company are short sold. Based on an average trading volume of 74,800 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 74,800 shares, the days-to-cover ratio is currently 0.3 days. Currently,0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Pekin Hardy Strauss Inc. boosted its holdings 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 worth $148,000 after buying an additional 1,500 shares during the period. Blue Bell Private Wealth Management LLC boosted its holdings 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 worth $345,000 after buying an additional 1,700 shares during the period. Mills Wealth Advisors LLC boosted its holdings in Japan Smaller Capitalization Fund by 9.1% in the 2nd quarter. Mills Wealth Advisors LLC now owns 24,851 shares of the company's stock worth $240,000 after buying an additional 2,070 shares during the period. Mraz Amerine & Associates Inc. boosted its holdings in Japan Smaller Capitalization Fund by 2.6% in the 1st quarter. Mraz Amerine & Associates Inc. now owns 104,491 shares of the company's stock worth $876,000 after buying an additional 2,670 shares during the period. Finally, Bank of America Corp DE boosted its holdings 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 worth $39,000 after buying an additional 3,038 shares during the period.

Japan Smaller Capitalization Fund Stock Up 1.5%

JOF traded up $0.1550 during midday trading on Friday, reaching $10.4850. The company had a trading volume of 63,305 shares, compared to its average volume of 76,058. Japan Smaller Capitalization Fund has a 12-month low of $7.43 and a 12-month high of $10.61. The business has a 50-day moving average price of $9.86 and a two-hundred day moving average price of $9.02.

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 of this dividend 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.