Short Interest in Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) Decreases By 27.9%

Japan Smaller Capitalization Fund, Inc. (NYSE:JOF - Get Free Report) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totalling 50,300 shares, a decrease of 27.9% from the April 30th total of 69,800 shares. Based on an average trading volume of 90,500 shares, the short-interest ratio is currently 0.6 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Union Bancaire Privee UBP SA purchased a new stake in Japan Smaller Capitalization Fund in the 4th quarter valued at approximately $32,000. CWM LLC raised its position in shares of 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 buying an additional 3,306 shares during the last quarter. Bank of America Corp DE raised its position in shares of 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 buying an additional 3,038 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Japan Smaller Capitalization Fund during the first quarter valued at approximately $94,000. Finally, Pekin Hardy Strauss Inc. boosted its position in Japan Smaller Capitalization Fund by 9.3% during the first quarter. Pekin Hardy Strauss Inc. now owns 17,619 shares of the company's stock worth $148,000 after acquiring an additional 1,500 shares during the last quarter.

Japan Smaller Capitalization Fund Stock Performance

NYSE:JOF remained flat at $9.56 during mid-day trading on Tuesday. 38,347 shares of the company's stock traded hands, compared to its average volume of 72,157. Japan Smaller Capitalization Fund has a 52-week low of $6.89 and a 52-week high of $9.57. The business has a 50-day simple moving average of $8.67 and a 200 day simple moving average of $8.14.

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.