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

The New America High Income Fund Inc. (NYSE:HYB) was the recipient of a significant 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 Up 0.4 %

The New America High Income Fund stock traded up $0.03 during midday trading on Thursday, reaching $8.25. 29,667 shares of the company traded hands, compared to its average volume of 129,435. The New America High Income Fund has a 12 month low of $6.64 and a 12 month high of $8.41. The business has a 50 day moving average of $8.24 and a two-hundred day moving average of $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. Shareholders of record on Friday, January 17th will be issued a $0.04 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 5.82%. The ex-dividend date is Friday, January 17th.

Institutional Investors Weigh In On The New America High Income Fund

A number of large investors have recently made changes to their positions in HYB. US Bancorp DE purchased a new position in The New America High Income Fund during the third quarter valued at $99,000. Sanctuary Advisors LLC bought a new position in shares of The New America High Income Fund during the 2nd quarter valued at approximately $148,000. Integrated Wealth Concepts LLC grew its stake 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 valued at $822,000 after acquiring an additional 10,117 shares during the period. Absolute Investment Advisers LLC purchased a new stake in The New America High Income Fund in the 4th quarter worth approximately $1,022,000. 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 worth $1,436,000 after acquiring an additional 1,951 shares during the period.

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.