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 in 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 short-interest ratio is presently 0.9 days.

The New America High Income Fund Stock Down 0.2 %

Shares of NYSE:HYB traded down $0.02 on Wednesday, hitting $8.23. The stock had a trading volume of 28,340 shares, compared to its average volume of 132,389. The New America High Income Fund has a twelve month low of $6.64 and a twelve month high of $8.41. The firm’s 50 day moving average price is $8.24 and its 200-day moving average price is $8.12.

The New America High Income Fund Announces Dividend

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

Institutional Investors Weigh In On The New America High Income Fund

Hedge funds have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC grew its holdings in 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 acquiring an additional 10,117 shares during the last quarter. US Bancorp DE bought a new stake in The New America High Income Fund during the 3rd quarter worth about $99,000. Capital Investment Advisors LLC grew 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 acquiring an additional 1,951 shares during the last quarter. Rivernorth Capital Management LLC grew its holdings in The New America High Income Fund by 128.0% during the 3rd 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 last quarter. Finally, Sanctuary Advisors LLC bought a new stake in The New America High Income Fund during the 2nd quarter worth about $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.