Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) Shares Purchased by Raffles Associates LP

Raffles Associates LP grew its holdings in shares of Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) by 16.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 224,025 shares of the company’s stock after acquiring an additional 31,000 shares during the period. Japan Smaller Capitalization Fund comprises about 1.9% of Raffles Associates LP’s investment portfolio, making the stock its 16th biggest holding. Raffles Associates LP owned approximately 0.64% of Japan Smaller Capitalization Fund worth $1,853,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of JOF. City of London Investment Management Co. Ltd. raised its holdings in Japan Smaller Capitalization Fund by 8.8% in the second quarter. City of London Investment Management Co. Ltd. now owns 4,903,167 shares of the company’s stock valued at $37,166,000 after acquiring an additional 395,290 shares in the last quarter. Matisse Capital raised its stake in shares of Japan Smaller Capitalization Fund by 196.4% in the 2nd quarter. Matisse Capital now owns 246,456 shares of the company’s stock valued at $1,868,000 after purchasing an additional 163,319 shares in the last quarter. Wolverine Asset Management LLC raised its stake in shares of Japan Smaller Capitalization Fund by 9,241.9% in the 2nd quarter. Wolverine Asset Management LLC now owns 87,627 shares of the company’s stock valued at $664,000 after purchasing an additional 86,689 shares in the last quarter. Almitas Capital LLC lifted its position in shares of Japan Smaller Capitalization Fund by 26.2% during the second quarter. Almitas Capital LLC now owns 360,847 shares of the company’s stock worth $2,735,000 after purchasing an additional 74,904 shares during the last quarter. Finally, RPO LLC grew its stake in Japan Smaller Capitalization Fund by 393.6% in the third quarter. RPO LLC now owns 76,345 shares of the company’s stock worth $631,000 after purchasing an additional 60,878 shares in the last quarter.

Japan Smaller Capitalization Fund Stock Performance

Shares of NYSE JOF opened at $7.85 on Friday. The stock’s 50 day moving average price is $7.80 and its two-hundred day moving average price is $7.76. Japan Smaller Capitalization Fund, Inc. has a 52-week low of $6.89 and a 52-week high of $8.34.

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.