The New America High Income Fund Inc. (NYSE:HYB) Short Interest Up 60.1% in October

The New America High Income Fund Inc. (NYSE:HYB) saw a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 25,300 shares, an increase of 60.1% from the October 15th total of 15,800 shares. Based on an average daily trading volume, of 94,800 shares, the days-to-cover ratio is currently 0.3 days.

The New America High Income Fund Trading Up 0.2 %

Shares of NYSE:HYB opened at $8.16 on Friday. The company’s 50-day moving average price is $8.24 and its 200 day moving average price is $7.75. The New America High Income Fund has a fifty-two week low of $6.64 and a fifty-two week high of $8.41.

The New America High Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.04 per share. The ex-dividend date is Friday, November 15th. This represents a $0.48 annualized dividend and a yield of 5.88%.

Hedge Funds Weigh In On The New America High Income Fund

Several large investors have recently bought and sold shares of HYB. Capital Investment Advisors LLC lifted its stake in 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 acquiring an additional 6,605 shares during the last quarter. AE Wealth Management LLC acquired a new stake in shares of The New America High Income Fund in the 2nd quarter valued at $75,000. Sanctuary Advisors LLC acquired a new position in The New America High Income Fund during the 2nd quarter worth about $148,000. US Bancorp DE acquired a new position in The New America High Income Fund during the 3rd quarter valued at about $99,000. Finally, Integrated Wealth Concepts LLC lifted its position in The New America High Income Fund by 11.4% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 98,668 shares of the investment management company’s stock valued at $822,000 after purchasing an additional 10,117 shares during the period.

About The New America High Income Fund

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.