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

Hedge Funds Weigh In On AllianceBernstein National Municipal Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in AFB. Stifel Financial Corp boosted its stake in shares of AllianceBernstein National Municipal Income Fund by 4.3% in the 3rd quarter. Stifel Financial Corp now owns 35,722 shares of the investment management company’s stock valued at $422,000 after purchasing an additional 1,460 shares during the last quarter. Dakota Wealth Management boosted its stake in shares of AllianceBernstein National Municipal Income Fund by 4.4% in the 4th quarter. Dakota Wealth Management now owns 43,066 shares of the investment management company’s stock valued at $468,000 after purchasing an additional 1,800 shares during the last quarter. Capital Investment Advisors LLC boosted its stake in shares of AllianceBernstein National Municipal Income Fund by 4.2% in the 4th quarter. Capital Investment Advisors LLC now owns 81,333 shares of the investment management company’s stock valued at $884,000 after purchasing an additional 3,267 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of AllianceBernstein National Municipal Income Fund by 10.4% in the 3rd quarter. HighTower Advisors LLC now owns 46,256 shares of the investment management company’s stock valued at $548,000 after purchasing an additional 4,346 shares during the last quarter. Finally, Whitebox Advisors LLC boosted its stake 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 acquiring an additional 6,905 shares in the last quarter.

AllianceBernstein National Municipal Income Fund Price Performance

Shares of NYSE:AFB traded up $0.04 during midday trading on Monday, hitting $11.10. The stock had a trading volume of 51,239 shares, compared to its average volume of 54,526. The company’s 50-day moving average price is $11.07 and its 200-day moving average price is $11.31. AllianceBernstein National Municipal Income Fund has a fifty-two week low of $10.33 and a fifty-two week high of $11.95.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last released 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 firm also recently declared a monthly dividend, which will be paid on Friday, February 21st. Shareholders of record on Thursday, February 6th will be given a $0.0396 dividend. This represents a $0.48 annualized dividend and a yield of 4.28%. The ex-dividend date of this dividend is Thursday, February 6th.

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.