The New America High Income Fund Inc. (NYSE:HYB) Short Interest Up 63.3% in July

The New America High Income Fund Inc. (NYSE:HYB) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totalling 12,900 shares, an increase of 63.3% from the July 15th total of 7,900 shares. Based on an average daily trading volume, of 55,100 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On The New America High Income Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Capital Investment Advisors LLC increased its position in shares of The New America High Income Fund by 4.0% during the second quarter. Capital Investment Advisors LLC now owns 170,416 shares of the investment management company’s stock valued at $1,249,000 after purchasing an additional 6,605 shares during the period. 1607 Capital Partners LLC grew its position in The New America High Income Fund by 33.5% during the 4th quarter. 1607 Capital Partners LLC now owns 150,406 shares of the investment management company’s stock worth $1,059,000 after acquiring an additional 37,775 shares during the last quarter. Bulldog Investors LLP raised its position in The New America High Income Fund by 98.4% in the 4th quarter. Bulldog Investors LLP now owns 91,191 shares of the investment management company’s stock valued at $642,000 after purchasing an additional 45,222 shares during the last quarter. Blue Bell Private Wealth Management LLC boosted its stake in The New America High Income Fund by 312.1% in the first quarter. Blue Bell Private Wealth Management LLC now owns 41,600 shares of the investment management company’s stock worth $303,000 after purchasing an additional 31,506 shares in the last quarter. Finally, Thrive Wealth Management LLC bought a new stake in shares of The New America High Income Fund during the first quarter worth $104,000.

The New America High Income Fund Trading Up 0.4 %

NYSE HYB traded up $0.03 on Wednesday, hitting $8.04. 154,912 shares of the stock were exchanged, compared to its average volume of 53,181. The company’s 50-day moving average price is $7.41 and its two-hundred day moving average price is $7.28. The New America High Income Fund has a 52-week low of $6.23 and a 52-week high of $8.11.

The New America High Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be given a $0.04 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.97%. The ex-dividend date of this dividend is Friday, August 16th.

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.