Short Interest in Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) Grows By 91.6%

Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) was the recipient of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 34,300 shares, an increase of 91.6% from the February 13th total of 17,900 shares. Based on an average daily volume of 62,500 shares, the short-interest ratio is presently 0.5 days. Currently, 0.1% of the company’s stock are short sold.

Japan Smaller Capitalization Fund Trading Up 1.4 %

NYSE:JOF opened at $8.38 on Friday. Japan Smaller Capitalization Fund has a 12-month low of $6.89 and a 12-month high of $8.44. The stock has a fifty day moving average price of $7.85 and a 200 day moving average price of $7.84.

Institutional Trading of Japan Smaller Capitalization Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of JOF. Saba Capital Management L.P. raised its stake in Japan Smaller Capitalization Fund by 222.0% in the fourth quarter. Saba Capital Management L.P. now owns 1,034,195 shares of the company’s stock valued at $7,932,000 after buying an additional 713,033 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in Japan Smaller Capitalization Fund in the third quarter valued at $1,351,000. Matisse Capital raised its stake in Japan Smaller Capitalization Fund by 37.2% in the fourth quarter. Matisse Capital now owns 362,000 shares of the company’s stock valued at $2,777,000 after buying an additional 98,192 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Japan Smaller Capitalization Fund in the fourth quarter valued at $724,000. Finally, Mraz Amerine & Associates Inc. raised its stake in Japan Smaller Capitalization Fund by 225.3% in the fourth quarter. Mraz Amerine & Associates Inc. now owns 101,821 shares of the company’s stock valued at $781,000 after buying an additional 70,521 shares in the last quarter.

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.