Japan Smaller Capitalization Fund, Inc. (NYSE:JOF – Get Rating) saw a large drop in short interest during the month of May. As of May 31st, there was short interest totalling 18,700 shares, a drop of 52.1% from the May 15th total of 39,000 shares. Based on an average daily volume of 56,300 shares, the days-to-cover ratio is currently 0.3 days.
Hedge funds have recently modified their holdings of the company. Blue Bell Private Wealth Management LLC raised its stake in shares of Japan Smaller Capitalization Fund by 45.7% in the 1st quarter. Blue Bell Private Wealth Management LLC now owns 5,882 shares of the company’s stock valued at $42,000 after acquiring an additional 1,844 shares during the period. Hedges Asset Management LLC purchased a new position in shares of Japan Smaller Capitalization Fund in the 4th quarter valued at $98,000. Western Wealth Management LLC purchased a new stake in Japan Smaller Capitalization Fund during the 1st quarter worth $94,000. Virtu Financial LLC purchased a new stake in Japan Smaller Capitalization Fund during the 4th quarter worth $149,000. Finally, Integrated Capital Management Inc. increased its stake in Japan Smaller Capitalization Fund by 17.7% during the 4th quarter. Integrated Capital Management Inc. now owns 22,657 shares of the company’s stock worth $178,000 after buying an additional 3,415 shares during the period. 66.98% of the stock is currently owned by institutional investors and hedge funds.
Shares of JOF stock opened at $6.47 on Friday. The company’s fifty day simple moving average is $6.63 and its 200-day simple moving average is $7.33. Japan Smaller Capitalization Fund has a 52 week low of $6.31 and a 52 week high of $9.62.
About Japan Smaller Capitalization Fund (Get Rating)
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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