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 significant growth in short interest in 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 currently 0.3 days.

Hedge Funds Weigh In On The New America High Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of HYB. Rivernorth Capital Management LLC raised its position in The New America High Income Fund by 128.0% in the 3rd quarter. Rivernorth Capital Management LLC now owns 305,044 shares of the investment management company’s stock valued at $2,541,000 after buying an additional 171,279 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in The New America High Income Fund by 11.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 98,668 shares of the investment management company’s stock valued at $822,000 after buying an additional 10,117 shares during the last quarter. US Bancorp DE purchased a new stake in The New America High Income Fund in the 3rd quarter valued at $99,000. Capital Investment Advisors LLC raised its position in The New America High Income Fund by 1.1% in the 3rd quarter. Capital Investment Advisors LLC now owns 172,367 shares of the investment management company’s stock valued at $1,436,000 after buying an additional 1,951 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in The New America High Income Fund in the 2nd quarter valued at $148,000.

The New America High Income Fund Stock Performance

Shares of NYSE HYB opened at $8.16 on Friday. The New America High Income Fund has a 52 week low of $6.64 and a 52 week high of $8.41. The stock’s fifty day moving average is $8.24 and its 200 day moving average is $7.75.

The New America High Income Fund Announces Dividend

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

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.