HYB Stock Summary and Trading Ideas (New America High Income | NYSE:HYB)

The investment objective of the Fund is to provide high current income while seeking to preserve stockholders' capital through investment in a professionally managed, diversified portfolio of "high yield" fixed-income securities. The Fund invests primarily in fixed maturity corporate debt securities that are rated less than investment grade. Risk of loss upon default by the issuer is significantly greater with respect to such securities compared to investment grade securities because these securities are generally unsecured and are often subordinated to other creditors of the issuer and because these issuers usually have high levels of indebtedness and are more sensitive to adverse economic conditions, such as a recession, than are investment grade issuers. In some cases, the collection of principal and timely receipt of interest is dependent upon the issuer attaining improved operating results, selling assets or obtaining additional financing. The Fund may focus its investments in certain industries, subjecting it to greater risk than a Fund that is more diversified.

New America High Income trades on the NYSE stock market under the symbol HYB.

As of April 24, 2024, HYB stock price declined to $7.05 with 72,082 million shares trading.

HYB has a beta of 0.61, meaning it tends to be less sensitive to market movements. HYB has a correlation of 0.35 to the broad based SPY ETF.

HYB has a market cap of $164.68 million. This is considered a Micro Cap stock.

In the last 3 years, HYB stock traded as high as $10.44 and as low as $6.23.

HYB has underperformed the market in the last year with a return of +13.3%, while the SPY ETF gained +24.1%. In the last 3 month period, HYB fell short of the market, returning -0.6%, while SPY returned +4.5%. However, in the most recent 2 weeks HYB has outperformed the stock market by returning -1.3%, while SPY returned -1.7%.

HYB support price is $7.02 and resistance is $7.12 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HYB stock will trade within this expected range on the day.