The New America High Income Fund (NYSE:HYB) Shares Cross Below 200-Day Moving Average – What’s Next?

The New America High Income Fund Inc. (NYSE:HYB) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $8.24 and traded as low as $8.20. The New America High Income Fund shares last traded at $8.23, with a volume of 1,087,549 shares changing hands.

The New America High Income Fund Stock Down 0.8 %

The company has a fifty day moving average price of $8.23 and a two-hundred day moving average price of $8.24.

The New America High Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were issued a $0.04 dividend. This represents a $0.48 annualized dividend and a dividend yield of 5.84%. The ex-dividend date was Friday, January 17th.

Hedge Funds Weigh In On The New America High Income Fund

Several hedge funds have recently modified their holdings of the stock. CSS LLC IL grew its holdings in shares of The New America High Income Fund by 168.2% in the 4th quarter. CSS LLC IL now owns 80,462 shares of the investment management company’s stock valued at $657,000 after acquiring an additional 50,462 shares in the last quarter. Logan Stone Capital LLC lifted its stake in The New America High Income Fund by 21.1% in the 4th quarter. Logan Stone Capital LLC now owns 115,923 shares of the investment management company’s stock valued at $947,000 after purchasing an additional 20,218 shares during the last quarter. Bulldog Investors LLP acquired a new stake in The New America High Income Fund in the 4th quarter valued at about $4,559,000. Quarry LP acquired a new stake in The New America High Income Fund in the 4th quarter valued at about $394,000. Finally, Integrated Wealth Concepts LLC lifted its stake in The New America High Income Fund by 10.8% in the 4th quarter. Integrated Wealth Concepts LLC now owns 109,364 shares of the investment management company’s stock valued at $894,000 after purchasing an additional 10,696 shares during the last quarter.

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.