Saba Capital Management L.P. Purchases 713,033 Shares of Japan Smaller Capitalization Fund, Inc. (NYSE:JOF)

Saba Capital Management L.P. raised its stake in Japan Smaller Capitalization Fund, Inc. (NYSE:JOF - Free Report) by 222.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,034,195 shares of the company's stock after acquiring an additional 713,033 shares during the period. Saba Capital Management L.P. owned approximately 2.94% of Japan Smaller Capitalization Fund worth $7,932,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Hara Capital LLC increased its holdings in shares of Japan Smaller Capitalization Fund by 2.4% in the fourth quarter. Hara Capital LLC now owns 387,063 shares of the company's stock worth $2,969,000 after purchasing an additional 8,899 shares during the last quarter. Matisse Capital increased its stake in Japan Smaller Capitalization Fund by 37.2% in the 4th quarter. Matisse Capital now owns 362,000 shares of the company's stock worth $2,777,000 after acquiring an additional 98,192 shares during the last quarter. Raffles Associates LP increased its stake in Japan Smaller Capitalization Fund by 10.8% in the 4th quarter. Raffles Associates LP now owns 248,168 shares of the company's stock worth $1,903,000 after acquiring an additional 24,143 shares during the last quarter. Mraz Amerine & Associates Inc. boosted its position in shares of Japan Smaller Capitalization Fund by 225.3% during the 4th quarter. Mraz Amerine & Associates Inc. now owns 101,821 shares of the company's stock valued at $781,000 after acquiring an additional 70,521 shares during the last quarter. Finally, RPO LLC boosted its position in shares of Japan Smaller Capitalization Fund by 32.1% during the 4th quarter. RPO LLC now owns 100,852 shares of the company's stock valued at $774,000 after acquiring an additional 24,507 shares during the last quarter.

Japan Smaller Capitalization Fund Trading Up 0.8%

JOF traded up $0.07 during trading hours on Thursday, hitting $9.05. The company's stock had a trading volume of 12,351 shares, compared to its average volume of 70,559. The business's 50-day moving average price is $8.53 and its 200-day moving average price is $8.04. Japan Smaller Capitalization Fund, Inc. has a 12 month low of $6.89 and a 12 month high of $9.18.

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.