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

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

AllianceBernstein National Municipal Income Fund Stock Performance

NYSE AFB traded up $0.04 during trading hours on Monday, reaching $11.10. 51,239 shares of the company were exchanged, compared to its average volume of 54,526. AllianceBernstein National Municipal Income Fund has a 1 year low of $10.33 and a 1 year high of $11.95. The business’s 50 day simple moving average is $11.07 and its 200-day simple moving average is $11.31.

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

AllianceBernstein National Municipal Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 21st. Investors of record on Thursday, February 6th will be issued a dividend of $0.0396 per share. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $0.48 dividend on an annualized basis and a yield of 4.28%.

Institutional Trading of AllianceBernstein National Municipal Income Fund

Large investors have recently added to or reduced their stakes in the stock. Stifel Financial Corp increased its holdings 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 worth $422,000 after buying an additional 1,460 shares during the last quarter. Sanctuary Advisors LLC bought a new position in AllianceBernstein National Municipal Income Fund during the third quarter worth about $181,000. HighTower Advisors LLC boosted its position in AllianceBernstein National Municipal Income Fund by 10.4% during the third quarter. HighTower Advisors LLC now owns 46,256 shares of the investment management company’s stock worth $548,000 after purchasing an additional 4,346 shares during the period. Whitebox Advisors LLC boosted its position in AllianceBernstein National Municipal Income Fund by 6.5% during the third quarter. Whitebox Advisors LLC now owns 113,955 shares of the investment management company’s stock worth $1,345,000 after purchasing an additional 6,905 shares during the period. Finally, Private Advisor Group LLC bought a new position in AllianceBernstein National Municipal Income Fund during the third quarter worth about $139,000.

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.