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

The New America High Income Fund Inc. (NYSE:HYB) saw a significant increase in short interest during 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 volume of 55,100 shares, the short-interest ratio is presently 0.2 days.

The New America High Income Fund Trading Down 0.1 %

NYSE HYB traded down $0.01 on Friday, hitting $8.06. The company’s stock had a trading volume of 43,809 shares, compared to its average volume of 53,309. The company’s 50-day moving average is $7.44 and its 200 day moving average is $7.29. The New America High Income Fund has a 1-year low of $6.23 and a 1-year high of $8.11.

The New America High Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be issued a dividend of $0.04 per share. This represents a $0.48 annualized dividend and a yield of 5.96%. The ex-dividend date is Friday, August 16th.

Institutional Investors Weigh In On The New America High Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Koshinski Asset Management Inc. bought a new position in The New America High Income Fund during the fourth quarter worth $71,000. 1607 Capital Partners LLC lifted its stake in shares of The New America High Income Fund by 33.5% in the 4th quarter. 1607 Capital Partners LLC now owns 150,406 shares of the investment management company’s stock valued at $1,059,000 after purchasing an additional 37,775 shares during the period. Bulldog Investors LLP grew its stake in The New America High Income Fund by 98.4% during the fourth quarter. Bulldog Investors LLP now owns 91,191 shares of the investment management company’s stock worth $642,000 after purchasing an additional 45,222 shares during the period. Thrive Wealth Management LLC bought a new position in shares of The New America High Income Fund during the 1st quarter worth approximately $104,000. Finally, Blue Bell Private Wealth Management LLC grew its position in shares of The New America High Income Fund by 312.1% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 41,600 shares of the investment management company’s stock worth $303,000 after buying an additional 31,506 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.