Short Interest in The New America High Income Fund Inc. (NYSE:HYB) Expands By 197.8%

The New America High Income Fund Inc. (NYSE:HYB) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 40,500 shares, an increase of 197.8% from the December 31st total of 13,600 shares. Based on an average daily volume of 45,900 shares, the short-interest ratio is presently 0.9 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Rivernorth Capital Management LLC raised its holdings in The New America High Income Fund by 128.0% in the third quarter. Rivernorth Capital Management LLC now owns 305,044 shares of the investment management company’s stock worth $2,541,000 after purchasing an additional 171,279 shares in the last quarter. Absolute Investment Advisers LLC bought a new position in shares of The New America High Income Fund in the 4th quarter worth about $1,022,000. Sanctuary Advisors LLC purchased a new position in The New America High Income Fund during the 2nd quarter valued at about $148,000. US Bancorp DE bought a new stake in The New America High Income Fund during the third quarter worth about $99,000. Finally, Integrated Wealth Concepts LLC grew its holdings in The New America High Income Fund by 11.4% in the third quarter. Integrated Wealth Concepts LLC now owns 98,668 shares of the investment management company’s stock worth $822,000 after purchasing an additional 10,117 shares during the period.

The New America High Income Fund Price Performance

Shares of NYSE HYB traded up $0.03 during midday trading on Thursday, hitting $8.25. 29,667 shares of the company traded hands, compared to its average volume of 129,435. The New America High Income Fund has a 12-month low of $6.64 and a 12-month high of $8.41. The stock has a 50-day moving average price of $8.24 and a 200 day moving average price of $8.12.

The New America High Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a $0.04 dividend. This represents a $0.48 annualized dividend and a dividend yield of 5.82%. The ex-dividend date is Friday, January 17th.

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.