The New America High Income Fund Inc. (NYSE:HYB) Short Interest Up 558.3% in October

by · The Cerbat Gem

The New America High Income Fund Inc. (NYSE:HYB – Get Free Report) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 15,800 shares, a growth of 558.3% from the September 30th total of 2,400 shares. Based on an average daily volume of 105,000 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of The New America High Income Fund

Hedge funds have recently bought and sold shares of the company. Capital Investment Advisors LLC raised its holdings in shares of The New America High Income Fund by 1.1% during 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 buying an additional 1,951 shares during the last quarter. AE Wealth Management LLC bought a new stake in The New America High Income Fund during the 2nd quarter valued at $75,000. Thrive Wealth Management LLC acquired a new position in The New America High Income Fund during the 1st quarter worth $104,000. Finally, Sanctuary Advisors LLC bought a new position in shares of The New America High Income Fund in the second quarter worth $148,000.

The New America High Income Fund Trading Up 0.6 %

Shares of NYSE HYB traded up $0.05 during mid-day trading on Friday, hitting $8.22. The company had a trading volume of 42,218 shares, compared to its average volume of 71,156. The firm’s 50 day simple moving average is $8.25 and its two-hundred day simple moving average is $7.64. The New America High Income Fund has a 12 month low of $6.28 and a 12 month high of $8.41.

The New America High Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $0.48 annualized dividend and a dividend yield of 5.84%.

The New America High Income Fund Company Profile

(Get Free Report)

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.

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