New American High Income Fund Inc. saw a significant decrease in short interest in November. (NYSE:HYB – Get Rating). As of November 30th, there was short interest totaling 3,100 shares, a drop of 89.4% from the November 15th total of 29,200 shares. Based on a daily average volume of 53,100 shares, the days to cover ratio is currently 0.1 days.
New America High Income Fund Price Performance
NYSE:HYB traded up $0.08 during midday trading on Monday, hitting $6.95. 79,628 shares of the company traded hands, compared to its average volume of 63,953. New American High Income Fund has a fifty-two week low of $6.24 and a fifty-two week high of $9.50. The company has a fifty day simple moving average of $6.73 and a 200 day simple moving average of $7.02.
New America High Income Fund Dividend Announcement
The company also recently announced a dividend, which was paid on Wednesday, November 30th. Stockholders of record on Wednesday, November 16th were given a dividend of $0.05 per share. This equates to a dividend yield of 8.84%. The dividend date was Tuesday, November 15th.
New America High Income Fund Institutional Trading
Institutional investors and hedge funds have recently made changes to their positions in the company. Capital Investment Advisors LLC lifted its position in New America High Income Fund by 3.6% in the 2nd quarter. Capital Investment Advisors LLC now owns 132,198 shares of the investment management company’s stock valued at $900,000 after buying an additional 4,610 shares during the last quarter. Landscape Capital Management LLC acquired a new stake in shares of The New America High Income Fund during the first quarter worth about $108,000. Hennion & Walsh Asset Management Inc. grew. Its holdings in shares of The New America High Income Fund by 1.3% during the second quarter. Hennion & Walsh Asset Management Inc. owns now owns 335,343 shares of the investment management company’s stock worth $2,284,000 after purchasing an additional 4,392 shares during the last quarter. SFI Advisors LLC bought a new position in shares of The New America High Income Fund during the second quarter worth about $365,000. Finally, Sit Investment Associates Inc. increased. its position in New America High Income Fund by 18.3% in the 1st quarter. Sit Investment Associates Inc. owns now owns 645,633 shares of the investment management company’s stock valued at $5,236,000 after acquiring an additional 100,000 shares during the period. Hedge funds and other institutional investors own 22.56% of the stock.
New America High Income Fund Company Profile
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New America High Income Fund Inc is a closed-end 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 stocks of companies operating across diversified sectors. The fund invests in high fixed income securities ie
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