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) was the target of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 25,300 shares, a growth of 60.1% from the October 15th total of 15,800 shares. Based on an average daily volume of 94,800 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On The New America High Income Fund

Large investors have recently bought and sold shares of the stock. Sanctuary Advisors LLC bought a new stake in shares of The New America High Income Fund in the 2nd quarter worth approximately $148,000. US Bancorp DE bought a new position in The New America High Income Fund in the third quarter worth $99,000. AE Wealth Management LLC bought a new position in The New America High Income Fund in the second quarter worth $75,000. Finally, Capital Investment Advisors LLC boosted its stake in The New America High Income Fund by 4.0% during the second quarter. Capital Investment Advisors LLC now owns 170,416 shares of the investment management company’s stock worth $1,249,000 after buying an additional 6,605 shares in the last quarter.

The New America High Income Fund Stock Performance

HYB traded up $0.04 during midday trading on Thursday, reaching $8.18. The company’s stock had a trading volume of 17,690 shares, compared to its average volume of 62,950. The company has a fifty day simple moving average of $8.25 and a 200 day simple moving average of $7.74. The New America High Income Fund has a twelve month low of $6.64 and a twelve month high of $8.41.

The New America High Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.48 annualized dividend and a dividend yield of 5.87%.

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.