Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) Short Interest Update

Key Points

• Short interest plunged 80.5% to 6,533 shares as of July 31, representing 0.0% of outstanding shares and just 0.1 days to cover.
• JOF shares opened at $12.42, up 1.3%, near the 12-month high of $12.76. The fund also declared a monthly dividend of $0.0956 per share, implying a 9.2% annualized yield.
• Several institutional investors increased or initiated positions, including Lazard Asset Management, Bank of America, Altium Capital Management, Hara Capital, and Evolve Private Wealth.

Japan Smaller Capitalization Fund, Inc. (NYSE:JOF - Get Free Report) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 6,533 shares, a decline of 80.5% from the July 15th total of 33,437 shares. Based on an average trading volume of 96,929 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company's shares are sold short.

Japan Smaller Capitalization Fund Stock Up 1.3%

Shares of NYSE:JOF opened at $12.42 on Wednesday. The company has a 50-day moving average price of $11.62 and a 200-day moving average price of $11.49. Japan Smaller Capitalization Fund has a 12 month low of $9.94 and a 12 month high of $12.76.

Japan Smaller Capitalization Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.0956 per share. This represents a c) dividend on an annualized basis and a yield of 9.2%. The ex-dividend date is Tuesday, September 15th.

Institutional Investors Weigh In On Japan Smaller Capitalization Fund

A number of large investors have recently made changes to their positions in JOF. Lazard Asset Management LLC increased its position in shares of Japan Smaller Capitalization Fund by 50.1% during the fourth quarter. Lazard Asset Management LLC now owns 3,470,865 shares of the company's stock valued at $38,457,000 after buying an additional 1,157,842 shares during the period. Bank of America Corp DE lifted its holdings in Japan Smaller Capitalization Fund by 37,758.0% in the second quarter. Bank of America Corp DE now owns 795,018 shares of the company's stock worth $7,664,000 after buying an additional 792,918 shares during the period. Altium Capital Management LLC lifted its holdings in Japan Smaller Capitalization Fund by 278.2% in the first quarter. Altium Capital Management LLC now owns 150,412 shares of the company's stock worth $1,639,000 after buying an additional 110,637 shares during the period. Hara Capital LLC bought a new stake in Japan Smaller Capitalization Fund during the 2nd quarter valued at approximately $1,163,000. Finally, Evolve Private Wealth LLC bought a new stake in Japan Smaller Capitalization Fund during the 4th quarter valued at approximately $641,000.

About Japan Smaller Capitalization Fund

Japan Smaller Capitalization Fund, Inc NYSE: JOF is a U.S.-listed closed-end investment company dedicated to long-term capital appreciation through exposure to Japan's smaller capitalization equities. The fund seeks to identify and invest in firms whose market valuations and growth prospects may be overlooked by broader market indices, offering investors differentiated access to Japan's domestic growth opportunities.

The portfolio typically comprises equity securities of companies traded on the Tokyo Stock Exchange and other recognized Japanese markets, with a focus on firms outside the large-cap segment.

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