AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) Short Interest Update

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) saw 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 volume of 73,700 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On AllianceBernstein National Municipal Income Fund

Institutional investors have recently bought and sold shares of the business. Pathstone Holdings LLC increased its stake in AllianceBernstein National Municipal Income Fund by 5.0% in the third quarter. Pathstone Holdings LLC now owns 2,032,729 shares of the investment management company’s stock valued at $23,988,000 after acquiring an additional 96,119 shares during the last quarter. Rivernorth Capital Management LLC increased its stake in shares of AllianceBernstein National Municipal Income Fund by 24.2% in the third quarter. Rivernorth Capital Management LLC now owns 1,192,205 shares of the investment management company’s stock valued at $14,068,000 after buying an additional 232,205 shares during the period. Hennion & Walsh Asset Management Inc. raised its holdings in AllianceBernstein National Municipal Income Fund by 14.1% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 592,728 shares of the investment management company’s stock worth $6,443,000 after purchasing an additional 73,447 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in AllianceBernstein National Municipal Income Fund by 15.8% in the third quarter. Advisors Asset Management Inc. now owns 456,237 shares of the investment management company’s stock valued at $5,384,000 after buying an additional 62,304 shares during the period. Finally, Almitas Capital LLC boosted its position in shares of AllianceBernstein National Municipal Income Fund by 265.1% during the 2nd quarter. Almitas Capital LLC now owns 149,896 shares of the investment management company’s stock valued at $1,665,000 after purchasing an additional 108,842 shares in the last quarter.

AllianceBernstein National Municipal Income Fund Price Performance

AFB stock traded up $0.02 during midday trading on Friday, reaching $11.01. The stock had a trading volume of 34,215 shares, compared to its average volume of 60,010. AllianceBernstein National Municipal Income Fund has a twelve month low of $10.33 and a twelve month high of $11.95. The business has a fifty day simple moving average of $11.13 and a two-hundred day simple moving average of $11.32.

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

AllianceBernstein National Municipal Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd were given a dividend of $0.0396 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $0.48 annualized dividend and a yield of 4.32%.

About AllianceBernstein National Municipal Income Fund

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.