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

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 9,500 shares, an increase of 216.7% from the August 31st total of 3,000 shares. Based on an average daily trading volume, of 57,100 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of AllianceBernstein National Municipal Income Fund

A number of institutional investors have recently bought and sold shares of AFB. Wells Fargo & Company MN raised its stake in AllianceBernstein National Municipal Income Fund by 1.3% during the 4th quarter. Wells Fargo & Company MN now owns 844,076 shares of the investment management company’s stock worth $9,150,000 after acquiring an additional 11,087 shares in the last quarter. Private Wealth Strategies L.L.C. lifted its holdings in shares of AllianceBernstein National Municipal Income Fund by 0.5% in the 2nd quarter. Private Wealth Strategies L.L.C. now owns 767,959 shares of the investment management company’s stock valued at $8,532,000 after purchasing an additional 3,853 shares during the last quarter. Advisors Asset Management Inc. boosted its position in shares of AllianceBernstein National Municipal Income Fund by 31.3% in the 1st quarter. Advisors Asset Management Inc. now owns 305,880 shares of the investment management company’s stock valued at $3,362,000 after purchasing an additional 72,914 shares during the period. Van ECK Associates Corp grew its stake in AllianceBernstein National Municipal Income Fund by 13.9% during the 1st quarter. Van ECK Associates Corp now owns 250,533 shares of the investment management company’s stock worth $2,753,000 after buying an additional 30,594 shares during the last quarter. Finally, City of London Investment Management Co. Ltd. purchased a new position in AllianceBernstein National Municipal Income Fund during the 2nd quarter worth approximately $2,488,000.

AllianceBernstein National Municipal Income Fund Price Performance

AFB traded up $0.06 during trading hours on Friday, hitting $11.69. 32,537 shares of the company’s stock were exchanged, compared to its average volume of 65,299. AllianceBernstein National Municipal Income Fund has a 12-month low of $8.95 and a 12-month high of $11.81. The firm has a 50 day moving average of $11.45 and a 200 day moving average of $11.07.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last released its earnings results on Friday, June 28th. The investment management company reported $0.10 EPS for the quarter.

AllianceBernstein National Municipal Income Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, October 3rd will be paid a dividend of $0.0396 per share. The ex-dividend date is Thursday, October 3rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.07%. This is an increase from AllianceBernstein National Municipal Income Fund’s previous monthly dividend of $0.04.

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.