AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) Short Interest Up 158.3% in November

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) was the target of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 24,800 shares, a growth of 158.3% from the October 31st total of 9,600 shares. Based on an average daily volume of 62,800 shares, the short-interest ratio is currently 0.4 days.

AllianceBernstein National Municipal Income Fund Price Performance

NYSE AFB opened at $11.44 on Thursday. The business’s 50 day moving average price is $11.47 and its 200-day moving average price is $11.29. AllianceBernstein National Municipal Income Fund has a fifty-two week low of $10.18 and a fifty-two week high of $11.95.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last posted its quarterly earnings data on Friday, September 27th. The investment management company reported $0.11 earnings per share for the quarter.

AllianceBernstein National Municipal Income Fund Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, December 20th. Shareholders of record on Thursday, December 5th will be paid a $0.0396 dividend. The ex-dividend date of this dividend is Thursday, December 5th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. City of London Investment Management Co. Ltd. purchased a new stake in shares of AllianceBernstein National Municipal Income Fund in the second quarter worth approximately $2,488,000. Rivernorth Capital Management LLC grew its position in AllianceBernstein National Municipal Income Fund by 14.9% in the 3rd quarter. Rivernorth Capital Management LLC now owns 1,102,639 shares of the investment management company’s stock valued at $13,011,000 after acquiring an additional 142,639 shares during the last quarter. Almitas Capital LLC increased its stake in AllianceBernstein National Municipal Income Fund by 265.1% in the second quarter. Almitas Capital LLC now owns 149,896 shares of the investment management company’s stock worth $1,665,000 after purchasing an additional 108,842 shares during the period. Whitebox Advisors LLC bought a new stake in shares of AllianceBernstein National Municipal Income Fund during the second quarter worth $1,189,000. Finally, Pathstone Holdings LLC boosted its stake in shares of AllianceBernstein National Municipal Income Fund by 5.0% during 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 purchasing an additional 96,119 shares during the period.

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.