Abrdn Japan Equity Fund Inc (NYSE:JEQ) Short Interest Update

Abrdn Japan Equity Fund Inc (NYSE:JEQ) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 45,300 shares, an increase of 27.2% from the February 13th total of 35,600 shares. Based on an average daily volume of 45,000 shares, the short-interest ratio is currently 1.0 days. Approximately 0.7% of the shares of the stock are short sold.

Abrdn Japan Equity Fund Trading Up 3.0 %

JEQ traded up $0.20 during trading on Monday, hitting $6.65. The company’s stock had a trading volume of 207,345 shares, compared to its average volume of 49,372. The firm’s 50 day moving average price is $5.87 and its 200-day moving average price is $5.92. Abrdn Japan Equity Fund has a twelve month low of $5.27 and a twelve month high of $6.69.

Abrdn Japan Equity Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 21st will be issued a $0.11 dividend. The ex-dividend date is Friday, February 21st. This represents a $0.44 annualized dividend and a yield of 6.62%.

Institutional Trading of Abrdn Japan Equity Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. Wolverine Asset Management LLC boosted its position in Abrdn Japan Equity Fund by 77.9% during the 4th quarter. Wolverine Asset Management LLC now owns 165,606 shares of the company’s stock worth $952,000 after purchasing an additional 72,496 shares during the period. Landscape Capital Management L.L.C. boosted its position in Abrdn Japan Equity Fund by 84.5% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 98,148 shares of the company’s stock valued at $613,000 after buying an additional 44,964 shares during the last quarter. Matisse Capital boosted its position in Abrdn Japan Equity Fund by 17.0% in the 4th quarter. Matisse Capital now owns 201,263 shares of the company’s stock valued at $1,157,000 after buying an additional 29,263 shares during the last quarter. Kovitz Investment Group Partners LLC purchased a new position in Abrdn Japan Equity Fund in the 3rd quarter valued at about $65,000. Finally, CSS LLC IL purchased a new position in Abrdn Japan Equity Fund in the 4th quarter valued at about $60,000. 62.72% of the stock is currently owned by institutional investors and hedge funds.

Abrdn Japan Equity Fund Company Profile

Abrdn Japan Equity Fund Inc is a close ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. It invests in the public equity markets of Japan. The fund invests in stocks of companies operating across diversified sectors. It employs quantitative analysis to build its portfolio.