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

The New America High Income Fund Inc. (NYSE:HYB) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 40,500 shares, an increase 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 presently 0.9 days.

The New America High Income Fund Stock Performance

Shares of The New America High Income Fund stock opened at $8.25 on Friday. The company has a fifty day simple moving average of $8.23 and a 200-day simple moving average of $8.12. The New America High Income Fund has a 12-month low of $6.64 and a 12-month high of $8.41.

The New America High Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a dividend of $0.04 per share. This represents a $0.48 annualized dividend and a dividend yield of 5.82%. The ex-dividend date is Friday, January 17th.

Institutional Trading of The New America High Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in HYB. Sanctuary Advisors LLC acquired a new position in shares of The New America High Income Fund in the 2nd quarter valued at $148,000. Capital Investment Advisors LLC increased its stake in The New America High Income Fund by 1.1% in the third quarter. Capital Investment Advisors LLC now owns 172,367 shares of the investment management company’s stock valued at $1,436,000 after purchasing an additional 1,951 shares during the period. US Bancorp DE purchased a new stake in shares of The New America High Income Fund in the third quarter valued at about $99,000. Integrated Wealth Concepts LLC boosted its stake in shares of The New America High Income Fund by 11.4% during the third quarter. Integrated Wealth Concepts LLC now owns 98,668 shares of the investment management company’s stock worth $822,000 after buying an additional 10,117 shares during the period. Finally, Rivernorth Capital Management LLC boosted its stake in shares of The New America High Income Fund by 128.0% during the third quarter. Rivernorth Capital Management LLC now owns 305,044 shares of the investment management company’s stock worth $2,541,000 after buying an additional 171,279 shares during the period.

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.