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

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) was the recipient of a large drop in short interest in December. As of December 15th, there was short interest totaling 16,287 shares, a drop of 83.0% from the November 30th total of 95,946 shares. Based on an average trading volume of 135,777 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 135,777 shares, the short-interest ratio is presently 0.1 days.

AllianceBernstein National Municipal Income Fund Price Performance

Shares of NYSE AFB traded up $0.02 during midday trading on Friday, hitting $10.73. 111,118 shares of the company’s stock traded hands, compared to its average volume of 85,469. AllianceBernstein National Municipal Income Fund has a 1 year low of $9.78 and a 1 year high of $11.34. The firm has a fifty day moving average of $10.87 and a 200 day moving average of $10.58.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last issued its earnings results on Friday, December 26th. The investment management company reported $0.13 earnings per share for the quarter.

AllianceBernstein National Municipal Income Fund Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, December 19th. Investors of record on Thursday, December 4th were given a $0.0502 dividend. The ex-dividend date was Thursday, December 4th. This represents a c) annualized dividend and a yield of 5.6%.

Insider Activity

In other news, Director Garry L. Moody acquired 13,500 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The shares were bought at an average cost of $11.07 per share, with a total value of $149,445.00. Following the acquisition, the director owned 13,500 shares in the company, valued at approximately $149,445. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Trading of AllianceBernstein National Municipal Income Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. bought a new position in AllianceBernstein National Municipal Income Fund in the third quarter worth approximately $65,000. Allworth Financial LP acquired a new stake in AllianceBernstein National Municipal Income Fund in the second quarter worth about $72,000. Geneos Wealth Management Inc. grew its position in AllianceBernstein National Municipal Income Fund by 328.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 7,315 shares of the investment management company’s stock worth $79,000 after purchasing an additional 5,608 shares during the last quarter. Wolverine Asset Management LLC purchased a new stake in shares of AllianceBernstein National Municipal Income Fund during the second quarter valued at $102,000. Finally, Nomura Holdings Inc. purchased a new stake in AllianceBernstein National Municipal Income Fund during the 2nd quarter valued at about $103,000.

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.