The New America High Income Fund Inc. (NYSE:HYB) Short Interest Update

( ) has been the subject of a significant rise in short interest during the month of April. On April 30, there were 19,400 shorted shares. This is a 68.7% increase from the total of 11,500 on April 15. The short-interest rate is currently 0.3 day based on an average daily share volume of 72,500.

Institutional Trading The New America High Income Fund

Recently, hedge funds and institutional investors have changed their positions in the company. UBS Group AG increased its holdings in The New America High Income Fund in the second quarter by 16.0%. UBS Group AG owns 9,738 of the investment company's shares valued at $66,000, after adding 1,342 more shares over the period. Royal Bank of Canada increased its holdings in The New America High Income Fund in the third quarter by 7.6%. Royal Bank of Canada owns now 21,982 shares of investment management company stock worth $143,000, after adding 1,545 additional shares. Raymond James & Associates increased its holdings in The New America High Income Fund in the first quarter by 6.6%. After acquiring 1,729 additional shares, the company now owns 14,484 of the investment manager's stock worth $94,000. LPL Financial LLC increased its holdings in The New America High Income Fund in the fourth-quarter by 5.5%. LPL Financial LLC owns 48 565 shares worth $321,000 of the stock of the investment company after adding 2,520 more shares. The stock fell $0.04 to $6.65 on Friday. The stock changed hands 16,315 times, as compared to the average of 71.897 shares. New America High Income Fund's 12 month low is $6.24, and its 12 month high is $7.88. The 50-day average stock price is $6.62, and the 200-day average is $6.78.

New America High Income Fund Announces Dividend

Recently, the company announced a dividend that will be paid out on May 31st. Dividends will be paid to shareholders who were in the record books on May 17th. This dividend yield is 7.32%. The ex-dividend day is Tuesday, 16th May.

New America High Income fund

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The New America High Income Fund Inc. is a closed ended fixed income mutual funds launched and managed T. Rowe Price Associates, Inc. The fund invests on the fixed income market of the United States. The fund aims to invest in stocks of companies from a variety of sectors. The fund invests primarily in high-yield fixed income securities.

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