The New America High Income Fund Inc. (NYSE:HYB – Get Free Report) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 15,800 shares, an increase of 558.3% from the September 30th total of 2,400 shares. Based on an average daily volume of 105,000 shares, the days-to-cover ratio is currently 0.2 days.
The New America High Income Fund Price Performance
Shares of NYSE:HYB traded up $0.04 during trading on Friday, hitting $8.21. 42,218 shares of the stock were exchanged, compared to its average volume of 63,594. The company has a fifty day moving average price of $8.25 and a two-hundred day moving average price of $7.63. The New America High Income Fund has a 12-month low of $6.28 and a 12-month high of $8.41.
The New America High Income Fund Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be issued a $0.04 dividend. This represents a $0.48 annualized dividend and a yield of 5.85%. The ex-dividend date is Thursday, October 17th.
Institutional Inflows and Outflows
The New America High Income Fund Company Profile
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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