Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) Sees Large Increase in Short Interest

Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 6,500 shares, a growth of 333.3% from the September 15th total of 1,500 shares. Based on an average trading volume of 32,200 shares, the days-to-cover ratio is presently 0.2 days.

Several hedge funds have recently added to or reduced their stakes in the business. Salem Capital Management Inc. increased its position in shares of Japan Smaller Capitalization Fund by 1.2% in the second quarter. Salem Capital Management Inc. now owns 142,986 shares of the company’s stock valued at $1,290,000 after acquiring an additional 1,633 shares during the period. Integrated Capital Management Inc. increased its position in shares of Japan Smaller Capitalization Fund by 14.4% during the second quarter. Integrated Capital Management Inc. now owns 17,320 shares of the company’s stock valued at $156,000 after buying an additional 2,186 shares during the period. Morgan Stanley increased its position in shares of Japan Smaller Capitalization Fund by 9.8% during the first quarter. Morgan Stanley now owns 32,546 shares of the company’s stock valued at $303,000 after buying an additional 2,895 shares during the period. Royal Bank of Canada increased its position in shares of Japan Smaller Capitalization Fund by 12.4% during the first quarter. Royal Bank of Canada now owns 31,672 shares of the company’s stock valued at $294,000 after buying an additional 3,500 shares during the period. Finally, Park Avenue Securities LLC increased its position in shares of Japan Smaller Capitalization Fund by 4.7% during the second quarter. Park Avenue Securities LLC now owns 101,217 shares of the company’s stock valued at $913,000 after buying an additional 4,513 shares during the period. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Shares of JOF stock traded up $0.12 during mid-day trading on Thursday, reaching $8.94. The stock had a trading volume of 200 shares, compared to its average volume of 40,934. The stock’s 50-day moving average price is $9.16 and its two-hundred day moving average price is $9.14. Japan Smaller Capitalization Fund has a 52-week low of $8.15 and a 52-week high of $9.90.

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.

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