Short Interest in The New America High Income Fund Inc. (NYSE:HYB) Expands By 8.7%

The New America High Income Fund Inc. (NYSE:HYB) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 20,000 shares, a growth of 8.7% from the August 15th total of 18,400 shares. Based on an average daily volume of 87,300 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of The New America High Income Fund

Large investors have recently made changes to their positions in the company. 1607 Capital Partners LLC boosted its holdings in The New America High Income Fund by 33.5% in the fourth quarter. 1607 Capital Partners LLC now owns 150,406 shares of the investment management company’s stock worth $1,059,000 after acquiring an additional 37,775 shares in the last quarter. Blue Bell Private Wealth Management LLC grew its position in The New America High Income Fund by 312.1% in the 1st quarter. Blue Bell Private Wealth Management LLC now owns 41,600 shares of the investment management company’s stock valued at $303,000 after purchasing an additional 31,506 shares during the period. Thrive Wealth Management LLC bought a new stake in The New America High Income Fund during the 1st quarter valued at $104,000. Bulldog Investors LLP raised its holdings 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 buying an additional 45,222 shares during the last quarter. Finally, Capital Investment Advisors LLC lifted its stake in shares of The New America High Income Fund by 4.0% in the second quarter. Capital Investment Advisors LLC now owns 170,416 shares of the investment management company’s stock valued at $1,249,000 after buying an additional 6,605 shares in the last quarter.

The New America High Income Fund Price Performance

Shares of The New America High Income Fund stock traded down $0.03 on Wednesday, reaching $8.26. 173,249 shares of the company’s stock were exchanged, compared to its average volume of 62,806. The firm’s 50-day moving average is $7.86 and its two-hundred day moving average is $7.44. The New America High Income Fund has a 52 week low of $6.23 and a 52 week high of $8.41.

The New America High Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a $0.04 dividend. This represents a $0.48 annualized dividend and a yield of 5.81%. The ex-dividend date is Monday, September 16th.

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.