Japan Smaller Capitalization Fund, Inc. (NYSE:JOF - Get Free Report) shares rose 0.2% during mid-day trading on Wednesday . The company traded as high as $9.65 and last traded at $9.59. Approximately 17,087 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 72,873 shares. The stock had previously closed at $9.57.
Japan Smaller Capitalization Fund Stock Up 0.2%
The firm has a 50 day moving average price of $9.05 and a 200 day moving average price of $8.30.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Saba Capital Management L.P. grew its holdings in Japan Smaller Capitalization Fund by 222.0% during the 4th quarter. Saba Capital Management L.P. now owns 1,034,195 shares of the company's stock valued at $7,932,000 after buying an additional 713,033 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Japan Smaller Capitalization Fund during the 4th quarter valued at approximately $724,000. Ionic Capital Management LLC purchased a new position in shares of Japan Smaller Capitalization Fund in the fourth quarter valued at $435,000. Quantedge Capital Pte Ltd increased its position in Japan Smaller Capitalization Fund by 137.5% in the fourth quarter. Quantedge Capital Pte Ltd now owns 88,350 shares of the company's stock worth $678,000 after purchasing an additional 51,150 shares during the last quarter. Finally, Independent Advisor Alliance bought a new stake in shares of Japan Smaller Capitalization Fund in the 4th quarter worth about $300,000.
About Japan Smaller Capitalization Fund
(
Get Free Report)
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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