The New America High Income Fund Inc. (NYSE:HYB – Get Free Report) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 13,600 shares, a growth of 46.2% from the December 15th total of 9,300 shares. Based on an average daily volume of 63,000 shares, the short-interest ratio is currently 0.2 days.
Hedge Funds Weigh In On The New America High Income Fund
A number of hedge funds have recently bought and sold shares of the company. Saba Capital Management L.P. increased its holdings in shares of The New America High Income Fund by 99.9% in the 3rd quarter. Saba Capital Management L.P. now owns 1,340,675 shares of the investment management company’s stock worth $8,688,000 after purchasing an additional 670,130 shares in the last quarter. Almitas Capital LLC lifted its position in The New America High Income Fund by 60.0% during the second quarter. Almitas Capital…
