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

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 85,936 shares, an increase of 78.5% from the August 15th total of 48,156 shares. Based on an average trading volume of 56,224 shares, the days-to-cover ratio is currently 1.5 days.

Institutional Trading of AllianceBernstein National Municipal Income Fund

Institutional investors have recently bought and sold shares of the company. Noble Wealth Management PBC grew its holdings in AllianceBernstein National Municipal Income Fund by 5.9% during the 2nd quarter. Noble Wealth Management PBC now owns 68,341 shares of the investment management company’s stock worth $780,000 after acquiring an additional 3,796 shares during the period. Arete Wealth Advisors LLC boosted its position in shares of AllianceBernstein National Municipal Income Fund by 80.6% during the 1st quarter. Arete Wealth Advisors LLC now owns 34,137 shares of the investment management company’s stock valued at $363,000 after purchasing an additional 15,235 shares in the last quarter. Bank of America Corp DE boosted its position in shares of AllianceBernstein National Municipal Income Fund by 18.0% during the 1st quarter. Bank of America Corp DE now owns 66,506 shares of the investment management company’s stock valued at $711,000 after purchasing an additional 10,126 shares in the last quarter. Rivernorth Capital Management LLC grew its stake in AllianceBernstein National Municipal Income Fund by 2.1% during the first quarter. Rivernorth Capital Management LLC now owns 1,061,484 shares of the investment management company’s stock worth $11,347,000 after purchasing an additional 21,639 shares during the period. Finally, Petra Financial Advisors Inc. bought a new stake in AllianceBernstein National Municipal Income Fund in the first quarter worth approximately $570,000.

AllianceBernstein National Municipal Income Fund Stock Performance

AFB stock traded down $0.03 during trading on Wednesday, hitting $10.11. The company had a trading volume of 59,004 shares, compared to its average volume of 101,721. The business has a 50-day moving average of $10.89 and a 200-day moving average of $10.97. AllianceBernstein National Municipal Income Fund has a one year low of $10.04 and a one year high of $11.50.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last released its quarterly earnings results on Friday, June 26th. The investment management company reported $0.15 earnings per share (EPS) for the quarter.

AllianceBernstein National Municipal Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, September 18th. Investors of record on Thursday, September 3rd will be paid a dividend of $0.0502 per share. This represents a c) dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend is Thursday, September 3rd.

AllianceBernstein National Municipal Income Fund Company Profile

AllianceBernstein National Municipal Income Fund (NYSE: AFB) is a closed-end management investment company that primarily seeks to provide shareholders with a high level of federally tax-exempt income. The fund invests predominantly in a diversified portfolio of investment-grade municipal securities issued by U.S. state and local governments, authorities and agencies. These instruments include general obligation bonds, revenue bonds and other municipal debt obligations that offer tax-advantaged income potential for investors.

Under the management of AllianceBernstein L.P., the fund’s portfolio is constructed and monitored by a dedicated team of municipal credit analysts and portfolio managers.