Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) Short Interest Up 25.0% in March

Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 28,500 shares, a growth of 25.0% from the March 15th total of 22,800 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 70,900 shares, the days-to-cover ratio is presently 0.4 days.

Japan Smaller Capitalization Fund Stock Performance

Shares of JOF traded down $0.05 during trading hours on Monday, reaching $8.33. The company had a trading volume of 142,025 shares, compared to its average volume of 66,851. Japan Smaller Capitalization Fund has a 12-month low of $6.89 and a 12-month high of $8.54. The firm has a 50 day simple moving average of $8.14 and a 200-day simple moving average of $7.87.

Institutional Trading of Japan Smaller Capitalization Fund

Several institutional investors and hedge funds have recently modified their holdings of JOF. Saba Capital Management L.P. raised its stake in Japan Smaller Capitalization Fund by 222.0% in 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 purchasing an additional 713,033 shares during the last quarter. Quantedge Capital Pte Ltd grew its holdings in shares of Japan Smaller Capitalization Fund by 137.5% during the fourth quarter. Quantedge Capital Pte Ltd now owns 88,350 shares of the company’s stock worth $678,000 after buying an additional 51,150 shares in the last quarter. Ionic Capital Management LLC acquired a new position in shares of Japan Smaller Capitalization Fund in the fourth quarter valued at approximately $435,000. Bank of America Corp DE lifted its stake in shares of Japan Smaller Capitalization Fund by 144.7% during 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 period. Finally, Raffles Associates LP grew 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 period.

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.