The New America High Income Fund (NYSE:HYB) Stock Price Crosses Below Two Hundred Day Moving Average – What’s Next?

The New America High Income Fund Inc. (NYSE:HYB) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.24 and traded as low as $8.20. The New America High Income Fund shares last traded at $8.23, with a volume of 1,087,549 shares changing hands.

The New America High Income Fund Price Performance

The firm’s fifty day moving average is $8.23 and its 200-day moving average is $8.24.

The New America High Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were paid a dividend of $0.04 per share. The ex-dividend date was Friday, January 17th. This represents a $0.48 dividend on an annualized basis and a yield of 5.84%.

Institutional Trading of The New America High Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the business. CSS LLC IL increased its stake in The New America High Income Fund by 168.2% during the fourth quarter. CSS LLC IL now owns 80,462 shares of the investment management company’s stock worth $657,000 after purchasing an additional 50,462 shares during the period. Logan Stone Capital LLC increased its stake in shares of The New America High Income Fund by 21.1% during the fourth quarter. Logan Stone Capital LLC now owns 115,923 shares of the investment management company’s stock worth $947,000 after buying an additional 20,218 shares during the period. Bulldog Investors LLP purchased a new stake in shares of The New America High Income Fund during the fourth quarter worth approximately $4,559,000. Quarry LP purchased a new stake in shares of The New America High Income Fund during the fourth quarter worth approximately $394,000. Finally, Integrated Wealth Concepts LLC increased its stake in shares of The New America High Income Fund by 10.8% during the fourth quarter. Integrated Wealth Concepts LLC now owns 109,364 shares of the investment management company’s stock worth $894,000 after buying an additional 10,696 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.