The New America High Income Fund Inc. (NYSE:HYB) Short Interest Update

The New America High Income Fund Inc. (NYSE:HYB) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 40,500 shares, a growth of 197.8% from the December 15th total of 13,600 shares. Based on an average trading volume of 45,900 shares, the days-to-cover ratio is currently 0.9 days.

The New America High Income Fund Stock Up 0.2 %

Shares of HYB stock opened at $8.25 on Thursday. The stock has a fifty day moving average of $8.23 and a 200 day moving average of $8.06. The New America High Income Fund has a 52 week low of $6.64 and a 52 week high of $8.41.

The New America High Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be paid a $0.04 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 5.82%. The ex-dividend date is Friday, January 17th.

Institutional Trading of The New America High Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HYB. Rivernorth Capital Management LLC lifted its stake in The New America High Income Fund by 128.0% in the third quarter. Rivernorth Capital Management LLC now owns 305,044 shares of the investment management company’s stock worth $2,541,000 after acquiring an additional 171,279 shares during the period. Sanctuary Advisors LLC purchased a new position in The New America High Income Fund during the second quarter valued at $148,000. US Bancorp DE purchased a new position in The New America High Income Fund during the third quarter valued at $99,000. AE Wealth Management LLC purchased a new position in The New America High Income Fund during the second quarter valued at $75,000. Finally, Integrated Wealth Concepts LLC lifted its position in The New America High Income Fund by 11.4% during the third quarter. Integrated Wealth Concepts LLC now owns 98,668 shares of the investment management company’s stock valued at $822,000 after buying an additional 10,117 shares during the period.

About The New America High Income Fund

The New America High Income Fund Inc is a closed-ended fixed income mutual fund launched and managed by T. Rowe Price Associates, Inc The fund invests in the fixed income markets of the United States. It seeks to invest in the stocks of companies operating across the diversified sectors. The fund invests in high yield fixed-income securities i.e.