Short Interest in The New America High Income Fund Inc. (NYSE:HYB) Increases By 197.8%

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

The New America High Income Fund Stock Up 0.2 %

Shares of HYB traded up $0.02 during mid-day trading on Wednesday, hitting $8.25. The company’s stock had a trading volume of 39,629 shares, compared to its average volume of 40,048. The New America High Income Fund has a one year low of $6.64 and a one year high of $8.41. The stock’s 50-day moving average is $8.23 and its two-hundred day moving average is $8.06.

The New America High Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders 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 annualized dividend and a yield of 5.82%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Capital Investment Advisors LLC grew its position in The New America High Income Fund by 1.1% during the third 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 in the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of The New America High Income Fund by 11.4% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 98,668 shares of the investment management company’s stock worth $822,000 after purchasing an additional 10,117 shares in the last quarter. AE Wealth Management LLC bought a new stake in shares of The New America High Income Fund during the second quarter valued at approximately $75,000. US Bancorp DE acquired a new position in shares of The New America High Income Fund in the third quarter valued at $99,000. Finally, Sanctuary Advisors LLC bought a new position in The New America High Income Fund in the second quarter worth $148,000.

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.