Short Interest in Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) Decreases By 33.5%

Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) was the recipient of a large decline in short interest in March. As of March 15th, there was short interest totalling 22,800 shares, a decline of 33.5% from the February 28th total of 34,300 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 64,400 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On Japan Smaller Capitalization Fund

A number of institutional investors and hedge funds have recently bought and sold shares of JOF. Saba Capital Management L.P. grew its stake in shares of 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 worth $7,932,000 after acquiring an additional 713,033 shares in the last quarter. Quantedge Capital Pte Ltd boosted its holdings in 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 purchasing an additional 51,150 shares during the last quarter. Ionic Capital Management LLC bought a new stake in Japan Smaller Capitalization Fund in the 4th quarter worth about $435,000. Bank of America Corp DE grew its position in Japan Smaller Capitalization Fund by 144.7% in the 4th quarter. Bank of America Corp DE now owns 5,138 shares of the company’s stock worth $39,000 after purchasing an additional 3,038 shares in the last quarter. Finally, 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 valued at $1,903,000 after buying an additional 24,143 shares during the last quarter.

Japan Smaller Capitalization Fund Stock Down 0.2 %

Shares of JOF stock traded down $0.02 during trading hours on Monday, reaching $8.36. The company had a trading volume of 44,136 shares, compared to its average volume of 65,006. Japan Smaller Capitalization Fund has a 12 month low of $6.89 and a 12 month high of $8.54. The business has a fifty day simple moving average of $8.04 and a 200-day simple moving average of $7.87.

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.