Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) Short Interest Up 235.7% in August

Key Points

• Short interest surged 235.7% from 3,318 shares on August 15 to 11,137 shares on August 31, though short interest remains negligible at 0.0% of shares and a 0.2-day short-interest ratio.
• JOF shares rose to $12.53, near the 52-week high of $12.85, while trading above both the 50-day and 200-day moving averages.
• The fund declared a monthly dividend of $0.0956 per share, representing a 9.2% annualized yield, while several hedge funds recently initiated or increased positions.

Japan Smaller Capitalization Fund, Inc. (NYSE:JOF - Get Free Report) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 11,137 shares, a growth of 235.7% from the August 15th total of 3,318 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 58,108 shares, the short-interest ratio is currently 0.2 days.

Japan Smaller Capitalization Fund Stock Performance

Shares of Japan Smaller Capitalization Fund stock traded up $0.08 on Friday, reaching $12.53. 106,126 shares of the stock were exchanged, compared to its average volume of 53,838. Japan Smaller Capitalization Fund has a one year low of $9.94 and a one year high of $12.85. The firm's 50 day moving average is $12.05 and its 200-day moving average is $11.61.

Japan Smaller Capitalization Fund Dividend Announcement

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

Institutional Investors Weigh In On Japan Smaller Capitalization Fund

Hedge funds have recently modified their holdings of the company. Cibc World Market Inc. bought a new stake in shares of Japan Smaller Capitalization Fund during the second quarter worth about $1,242,000. Raffles Associates LP bought a new stake in shares of Japan Smaller Capitalization Fund in the 2nd quarter valued at $1,307,000. Hara Capital LLC acquired a new stake in shares of Japan Smaller Capitalization Fund during the second quarter worth $1,163,000. Altium Capital Management LLC raised its stake in Japan Smaller Capitalization Fund by 278.2% during 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 last quarter. Finally, Almitas Capital LLC acquired a new position in Japan Smaller Capitalization Fund in the second quarter valued at $4,551,000.

Japan Smaller Capitalization Fund Company Profile

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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