Short Interest in The New America High Income Fund Inc. (NYSE:HYB) Drops By 45.5%

The New America High Income Fund Inc. (NYSE:HYB) saw a significant drop in short interest in September. As of September 15th, there was short interest totalling 10,900 shares, a drop of 45.5% from the August 31st total of 20,000 shares. Based on an average daily volume of 96,500 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of HYB. Capital Investment Advisors LLC raised its stake in shares of The New America High Income Fund by 4.0% during the 2nd quarter. Capital Investment Advisors LLC now owns 170,416 shares of the investment management company’s stock worth $1,249,000 after purchasing an additional 6,605 shares during the period. AE Wealth Management LLC purchased a new stake in The New America High Income Fund during the second quarter worth about $75,000. Thrive Wealth Management LLC bought a new stake in The New America High Income Fund in the first quarter worth about $104,000. Sanctuary Advisors LLC bought a new stake in The New America High Income Fund in the second quarter worth about $148,000. Finally, 1607 Capital Partners LLC boosted its stake in The New America High Income Fund by 33.5% in the fourth quarter. 1607 Capital Partners LLC now owns 150,406 shares of the investment management company’s stock valued at $1,059,000 after acquiring an additional 37,775 shares during the last quarter.

The New America High Income Fund Trading Down 0.1 %

HYB stock traded down $0.01 during trading on Thursday, reaching $8.35. The stock had a trading volume of 79,602 shares, compared to its average volume of 63,147. The New America High Income Fund has a one year low of $6.23 and a one year high of $8.41. The company’s 50 day moving average is $7.96 and its two-hundred day moving average is $7.49.

The New America High Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.48 dividend on an annualized basis and a yield of 5.75%.

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.