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

The New America High Income Fund Inc. (NYSE:HYB) was the target of a significant growth in short interest in 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 daily volume of 45,900 shares, the short-interest ratio is presently 0.9 days.

The New America High Income Fund Trading Down 0.2 %

NYSE HYB opened at $8.21 on Tuesday. The New America High Income Fund has a twelve month low of $6.64 and a twelve month high of $8.41. The stock has a fifty day simple moving average of $8.22 and a 200-day simple moving average of $8.05.

The New America High Income Fund Dividend Announcement

The firm also recently disclosed 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. This represents a $0.48 annualized dividend and a dividend yield of 5.85%. The ex-dividend date of this dividend is Friday, January 17th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. AE Wealth Management LLC acquired a new position in shares of The New America High Income Fund during the second quarter worth $75,000. US Bancorp DE acquired a new position in The New America High Income Fund during the third quarter worth approximately $99,000. Sanctuary Advisors LLC acquired a new position in shares of The New America High Income Fund in the 2nd quarter valued at $148,000. Integrated Wealth Concepts LLC raised its holdings in shares of The New America High Income Fund by 11.4% in 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 last quarter. Finally, Capital Investment Advisors LLC raised its stake 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 valued at $1,436,000 after acquiring an additional 1,951 shares during the last quarter.

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.