AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) Short Interest Up 34.2% in February

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) was the recipient of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 30,832 shares, a growth of 34.2% from the February 12th total of 22,973 shares. Based on an average daily trading volume, of 109,017 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 109,017 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of AllianceBernstein National Municipal Income Fund

A number of hedge funds have recently bought and sold shares of the company. Elyxium Wealth LLC purchased a new stake in AllianceBernstein National Municipal Income Fund in the fourth quarter worth approximately $43,000. Global Retirement Partners LLC raised its stake in shares of AllianceBernstein National Municipal Income Fund by 367.0% during the fourth quarter. Global Retirement Partners LLC now owns 4,670 shares of the investment management company’s stock worth $51,000 after acquiring an additional 3,670 shares in the last quarter. PNC Financial Services Group Inc. bought a new stake in shares of AllianceBernstein National Municipal Income Fund in the 3rd quarter worth approximately $65,000. Allworth Financial LP bought a new stake in shares of AllianceBernstein National Municipal Income Fund in the 2nd quarter worth approximately $72,000. Finally, Geneos Wealth Management Inc. boosted its stake in shares of AllianceBernstein National Municipal Income Fund by 328.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 7,315 shares of the investment management company’s stock valued at $79,000 after purchasing an additional 5,608 shares in the last quarter.

AllianceBernstein National Municipal Income Fund Stock Performance

AllianceBernstein National Municipal Income Fund stock opened at $10.74 on Friday. AllianceBernstein National Municipal Income Fund has a fifty-two week low of $9.78 and a fifty-two week high of $11.13. The firm’s fifty day moving average price is $10.95 and its 200-day moving average price is $10.86.

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

AllianceBernstein National Municipal Income Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, March 20th. Stockholders of record on Thursday, March 5th will be given a dividend of $0.0502 per share. This is a boost from AllianceBernstein National Municipal Income Fund’s previous monthly dividend of $0.05. The ex-dividend date is Thursday, March 5th. This represents a c) annualized dividend and a dividend yield of 5.6%.

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.