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 growth in short interest during the month of December. As of December 31st, there was short interest totalling 29,500 shares, a growth of 9.7% from the December 15th total of 26,900 shares. Based on an average daily trading volume, of 73,700 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On AllianceBernstein National Municipal Income Fund

Large investors have recently added to or reduced their stakes in the company. Pathstone Holdings LLC raised its holdings in AllianceBernstein National Municipal Income Fund by 5.0% during the 3rd 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 period. Rivernorth Capital Management LLC raised its stake in shares of AllianceBernstein National Municipal Income Fund by 24.2% during the 3rd quarter. Rivernorth Capital Management LLC now owns 1,192,205 shares of the investment management company’s stock valued at $14,068,000 after purchasing an additional 232,205 shares during the period. Hennion & Walsh Asset Management Inc. lifted 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 in the last quarter. Advisors Asset Management Inc. boosted its stake in AllianceBernstein National Municipal Income Fund by 15.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 456,237 shares of the investment management company’s stock worth $5,384,000 after purchasing an additional 62,304 shares during the period. Finally, Almitas Capital LLC grew its holdings in 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 buying an additional 108,842 shares in the last quarter.

AllianceBernstein National Municipal Income Fund Stock Performance

AFB stock traded up $0.02 during mid-day trading on Friday, hitting $11.01. The company had a trading volume of 34,215 shares, compared to its average volume of 60,010. AllianceBernstein National Municipal Income Fund has a 12 month low of $10.33 and a 12 month high of $11.95. The stock’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 (NYSE:AFB) last posted 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 declared a monthly dividend, which was paid on Friday, January 17th. Stockholders 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 dividend on an annualized basis and a dividend 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.