The New America High Income Fund Inc. (NYSE:HYB) Short Interest Down 18.8% in June

The New America High Income Fund Inc. (NYSE:HYB – Free Report) was the target of a large decrease in short interest in the month of June. As of June 15th, there was short interest totalling 7,800 shares, a decrease of 18.8% from the May 31st total of 9,600 shares. Based on an average daily trading volume, of 59,800 shares, the short-interest ratio is presently 0.1 days.

The New America High Income Fund Price Performance

The New America High Income Fund stock opened at $6.56 on Friday. The New America High Income Fund has a fifty-two week low of $6.24 and a fifty-two week high of $7.88. The firm has a fifty day moving average price of $6.58 and a two-hundred day moving average price of $6.70.

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The New America High Income Fund Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, July 31st. Investors of record on Monday, July 17th will be given a dividend of $0.04 per share. The ex-dividend date is Friday, July 14th. This represents a $0.48 annualized dividend and a dividend yield of 7.32%.

Institutional Trading of The New America High Income Fund

Several hedge funds have recently added to or reduced their stakes in HYB. UBS Group AG lifted its holdings in shares of The New America High Income Fund by 16.0% during the second quarter. UBS Group AG now owns 9,738 shares of the investment management company’s stock worth $66,000 after buying an additional 1,342 shares during the last quarter. Royal Bank of Canada boosted its holdings in The New America High Income Fund by 7.6% in the 3rd quarter. Royal Bank of Canada now owns 21,982 shares of the investment management company’s stock valued at $143,000 after purchasing an additional 1,545 shares during the period. Raymond James & Associates grew its position in The New America High Income Fund by 6.6% in the 1st quarter. Raymond James & Associates now owns 26,293 shares of the investment management company’s stock worth $213,000 after purchasing an additional 1,625 shares during the last quarter. LPL Financial LLC increased its holdings in shares of The New America High Income Fund by 5.5% during the 4th quarter. LPL Financial LLC now owns 48,565 shares of the investment management company’s stock worth $321,000 after purchasing an additional 2,520 shares during the period. Finally, Bank of America Corp DE raised its position in shares of The New America High Income Fund by 20.4% during the first quarter. Bank of America Corp DE now owns 22,270 shares of the investment management company’s stock valued at $180,000 after buying an additional 3,773 shares during the last quarter. Institutional investors own 24.51% of the company’s stock.

About The New America High Income Fund

(Free Report)

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.

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