Weekly Review: High-Yield CEFs - HYB Is A Buying Opportunity With Fully Covered Dividend [Seeking Alpha]
New America High Income Fund, Inc. (The) (HYB)
US:NYSE Investor Relations:
newamerica-hyb.com
Company Research
Source: Seeking Alpha
Weekly Review: High-Yield CEFs - HYB Is A Buying Opportunity With Fully Covered Dividend Summary The uncertain situation around the trade deal continues to be a worrying factor for the market participants and the high-yield bonds reported losses for a second consecutive week. We continue to see a strong correlation between the high-yield bonds and the stock market. Most of the closed-end funds from the sector are traded at a positive Z-score, so you need to be cautious when you select your long positions. In this article, we will focus on New America High Income Fund as a potential addition to your portfolio based on the good past results and the attractive discount which it is traded at. We also recommend being prepared with hedging reaction in case of turbulence and increased volatility in the high-yield closed-end funds. Introduction The closed-end funds from the high-yield sector significantly increased their prices over the past four months. Currently, most of them are traded at
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HYB
Sec Filings
- 3/18/24 - Form 40-17G
- 3/14/24 - Form N-CEN
- 3/7/24 - Form N-CSR
- HYB's page on the SEC website