The New America High Income Fund Inc. (NYSE:HYB) Sees Large Increase in Short Interest

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

The New America High Income Fund Stock Performance

Shares of NYSE:HYB traded down $0.02 during mid-day trading on Wednesday, reaching $8.23. The stock had a trading volume of 28,340 shares, compared to its average volume of 132,389. The firm has a 50 day simple moving average of $8.24 and a two-hundred day simple moving average of $8.12. The New America High Income Fund has a twelve month low of $6.64 and a twelve month high of $8.41.

The New America High Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given a $0.04 dividend. The ex-dividend date is Friday, January 17th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.84%.

Institutional Trading of The New America High Income Fund

Hedge funds have recently modified their holdings of the company. US Bancorp DE acquired a new stake in shares of The New America High Income Fund in the 3rd quarter valued at approximately $99,000. Sanctuary Advisors LLC acquired a new stake in shares of The New America High Income Fund in the 2nd quarter valued at approximately $148,000. Integrated Wealth Concepts LLC raised its position in shares of The New America High Income Fund by 11.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 98,668 shares of the investment management company’s stock valued at $822,000 after acquiring an additional 10,117 shares during the period. Absolute Investment Advisers LLC acquired a new stake in The New America High Income Fund during the 4th quarter worth approximately $1,022,000. Finally, Capital Investment Advisors LLC raised its holdings in The New America High Income Fund by 1.1% during the 3rd quarter. Capital Investment Advisors LLC now owns 172,367 shares of the investment management company’s stock worth $1,436,000 after buying an additional 1,951 shares during the period.

The New America High Income Fund Company Profile

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.