The New America High Income Fund Inc. (HYB) Trading at $8.59 Forms Bearish Multiple Bottom Chart Pattern

June 27, 2018 - By Ira Colvard

During 2018 Q1 the big money sentiment decreased to 1.64. That’s change of 0.47, from 2017Q4’s 2.11. 3 investors sold all, 8 reduced holdings as The New America High Income Fund Inc. ratio dropped. 11 rose positions while 7 funds bought positions. Funds hold 4.85 million shares thus 4.67% more from 2017Q4’s 4.63 million shares.
Morgan Stanley has invested 0% in The New America High Income Fund Inc. (NYSE:HYB). Nebraska-based Nelson Van Denburg And Campbell Wealth Management Group Ltd Liability Co has invested 0% in The New America High Income Fund Inc. (NYSE:HYB). Advsrs Asset Mgmt invested in 1.26 million shs or 0.19% of the stock. Invesco Limited reported 453,201 shs. Wells Fargo & Mn reported 0% stake. Raymond James And Assoc owns 35,052 shs. Citigroup Inc, a New York-based fund reported 800 shs. 16,019 are held by Raymond James Fincl Services Advisors Inc. Retail Bank Of America Corporation De accumulated 29,348 shs or 0% of the stock. Saba Capital L P holds 19,979 shs. Rmb Cap Ltd Liability has 263,982 shs. Cohen And Steers owns 479,912 shs. Us Bancshares De reported 400 shs. Old Second Bancorp Of Aurora holds 0.12% or 35,272 shs. Carroll Financial Associates stated it has 0% of its capital in The New America High Income Fund Inc. (NYSE:HYB).

The New America High Income Fund Inc. registered $87,000 net activity with 1 buy and 0 selling transactions since April 18, 2018.

The New America High Income Fund Inc. (HYB) chart shows a multiple bottoms technical pattern with $8.25 price target. That’s 4.00 % below today’s $8.59 stock price. Finviz.com featured it on Jun, 27. $8.03 million less could be HYB valuation at $8.25 stock price.

HYB is hitting $8.5901 during the last trading session, after increased 0.00%.Currently The New America High Income Fund Inc. is downtrending after 9.34% change in last June 27, 2017. HYB has 10,705 shares volume. HYB underperformed the S&P500 by 21.91%.

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