The smalleye pygmy shark (Squaliolus aliae) is a little-known species of dogfish shark in the family Dalatiidae, found in water 150–2,000 m (490–6,560 ft) deep near Japan, the Philippines, and Australia. It migrates vertically daily, spending the day in deep water and the night in shallower water. One of the smallest shark species, the smalleye pygmy shark is known to reach only 22 cm (8.7 in) long. It has a blackish, spindle-shaped body with relatively small eyes, and a spine preceding the first dorsal fin, but not the second. Bioluminescent photophores occur on its underside, which may serve to disguise its silhouette from predators. This species feeds on small squid, krill, shrimp, and bony fishes. It is aplacental viviparous. The International Union for Conservation of Nature has assessed it as Least Concern, citing its wide distribution and lack of threat from fisheries.