AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) Short Interest Up 9.7% in December

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totalling 29,500 shares, an increase of 9.7% from the December 15th total of 26,900 shares. Based on an average daily trading volume, of 73,700 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of AllianceBernstein National Municipal Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Private Advisor Group LLC bought a new stake in shares of AllianceBernstein National Municipal Income Fund in the 3rd quarter worth approximately $139,000. Sanctuary Advisors LLC bought a new stake in AllianceBernstein National Municipal Income Fund in the third quarter worth $181,000. Wolverine Asset Management LLC lifted its stake in AllianceBernstein National Municipal Income Fund by 39.6% in the third quarter. Wolverine Asset Management LLC now owns 26,782 shares of the investment management company’s stock worth $316,000 after purchasing an additional 7,600 shares during the last quarter. Stifel Financial Corp boosted its position in AllianceBernstein National Municipal Income Fund by 4.3% during the third quarter. Stifel Financial Corp now owns 35,722 shares of the investment management company’s stock valued at $422,000 after buying an additional 1,460 shares during the period. Finally, Dakota Wealth Management grew its stake in shares of AllianceBernstein National Municipal Income Fund by 4.4% during the fourth quarter. Dakota Wealth Management now owns 43,066 shares of the investment management company’s stock valued at $468,000 after buying an additional 1,800 shares during the last quarter.

AllianceBernstein National Municipal Income Fund Stock Up 0.2 %

Shares of NYSE AFB traded up $0.02 during midday trading on Friday, hitting $11.01. 34,215 shares of the company’s stock were exchanged, compared to its average volume of 60,010. The business’s fifty day moving average price is $11.13 and its two-hundred day moving average price is $11.33. AllianceBernstein National Municipal Income Fund has a 12-month low of $10.33 and a 12-month high of $11.95.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last released its quarterly earnings results on Monday, December 30th. The investment management company reported $0.10 EPS for the quarter.

AllianceBernstein National Municipal Income Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, January 2nd were given a $0.0396 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 4.32%.

AllianceBernstein National Municipal Income Fund Company Profile

AllianceBernstein National Municipal Income Fund, Inc is a closed-ended fixed income mutual fund launched and managed by AllianceBernstein L.P. The fund invests in the fixed income markets of the United States. It primarily invests in investment-grade municipal securities which pay interest that is exempt from federal income tax.