AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) Short Interest Up 22.5% in March

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) was the recipient of a large increase in short interest in March. As of March 15th, there was short interest totalling 22,300 shares, an increase of 22.5% from the February 28th total of 18,200 shares. Based on an average daily trading volume, of 72,100 shares, the days-to-cover ratio is currently 0.3 days.

AllianceBernstein National Municipal Income Fund Stock Performance

AllianceBernstein National Municipal Income Fund stock traded up $0.01 during mid-day trading on Wednesday, hitting $10.91. 39,474 shares of the company were exchanged, compared to its average volume of 65,486. AllianceBernstein National Municipal Income Fund has a 12-month low of $10.33 and a 12-month high of $11.95. The business’s 50 day simple moving average is $11.05 and its two-hundred day simple moving average is $11.22.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last posted its quarterly earnings data on Friday, March 28th. The investment management company reported $0.12 EPS for the quarter.

AllianceBernstein National Municipal Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, April 25th. Stockholders of record on Thursday, April 3rd will be given a $0.0396 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.36%. The ex-dividend date of this dividend is Thursday, April 3rd.

Institutional Trading of AllianceBernstein National Municipal Income Fund

A number of hedge funds have recently bought and sold shares of the company. Lido Advisors LLC acquired a new position in AllianceBernstein National Municipal Income Fund in the 4th quarter valued at $6,332,000. Bulldog Investors LLP increased its stake in AllianceBernstein National Municipal Income Fund by 143.0% in the fourth quarter. Bulldog Investors LLP now owns 939,906 shares of the investment management company’s stock valued at $10,219,000 after purchasing an additional 553,162 shares during the last quarter. Rivernorth Capital Management LLC lifted its position in AllianceBernstein National Municipal Income Fund by 24.2% during the third quarter. Rivernorth Capital Management LLC now owns 1,192,205 shares of the investment management company’s stock worth $14,068,000 after buying an additional 232,205 shares during the period. Keybank National Association OH boosted its stake in AllianceBernstein National Municipal Income Fund by 29.8% in the 4th quarter. Keybank National Association OH now owns 883,524 shares of the investment management company’s stock worth $9,604,000 after buying an additional 203,057 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in AllianceBernstein National Municipal Income Fund by 27.5% in the 4th quarter. Advisors Asset Management Inc. now owns 581,856 shares of the investment management company’s stock valued at $6,325,000 after buying an additional 125,619 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.