AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) Sees Large Growth in Short Interest

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) saw a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 9,600 shares, a growth of 57.4% from the October 15th total of 6,100 shares. Based on an average trading volume of 59,700 shares, the short-interest ratio is presently 0.2 days.

AllianceBernstein National Municipal Income Fund Stock Performance

Shares of NYSE:AFB traded up $0.04 during midday trading on Thursday, hitting $11.36. 54,036 shares of the stock traded hands, compared to its average volume of 65,378. The business’s 50 day moving average is $11.53 and its two-hundred day moving average is $11.25. AllianceBernstein National Municipal Income Fund has a one year low of $9.98 and a one year high of $11.95.

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

AllianceBernstein National Municipal Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, November 7th will be given a dividend of $0.0396 per share. The ex-dividend date is Thursday, November 7th. This represents a $0.48 dividend on an annualized basis and a yield of 4.18%.

Institutional Trading of AllianceBernstein National Municipal Income Fund

Several large investors have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. lifted its stake in shares of AllianceBernstein National Municipal Income Fund by 15.8% during the 3rd 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 in the last quarter. Pathstone Holdings LLC grew its holdings in shares of 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 purchasing an additional 96,119 shares in the last quarter. Wolverine Asset Management LLC grew its holdings in shares of AllianceBernstein National Municipal Income Fund by 39.6% in the third quarter. Wolverine Asset Management LLC now owns 26,782 shares of the investment management company’s stock valued at $316,000 after purchasing an additional 7,600 shares in the last quarter. Balanced Wealth Group LLC boosted its stake in AllianceBernstein National Municipal Income Fund by 18.6% during the third quarter. Balanced Wealth Group LLC now owns 81,677 shares of the investment management company’s stock worth $964,000 after buying an additional 12,819 shares during the period. Finally, Private Advisor Group LLC purchased a new position in AllianceBernstein National Municipal Income Fund during the third quarter worth $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.