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 growth in short interest in February. As of February 13th, there was short interest totaling 22,973 shares, a growth of 20.5% from the January 29th total of 19,071 shares. Based on an average daily trading volume, of 136,084 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 136,084 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of AllianceBernstein National Municipal Income Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Financially in Tune LLC bought a new position in AllianceBernstein National Municipal Income Fund during the fourth quarter valued at about $234,000. Readystate Asset Management LP bought a new stake in AllianceBernstein National Municipal Income Fund in the fourth quarter worth about $119,000. Rivernorth Capital Management LLC lifted its holdings in AllianceBernstein National Municipal Income Fund by 2.5% in the 4th quarter. Rivernorth Capital Management LLC now owns 1,039,845 shares of the investment management company’s stock valued at $11,251,000 after acquiring an additional 25,688 shares during the last quarter. Evolve Private Wealth LLC bought a new position in shares of AllianceBernstein National Municipal Income Fund during the 4th quarter valued at about $296,000. Finally, Balyasny Asset Management L.P. acquired a new position in shares of AllianceBernstein National Municipal Income Fund in the 4th quarter worth approximately $1,017,000.

AllianceBernstein National Municipal Income Fund Price Performance

AllianceBernstein National Municipal Income Fund stock opened at $11.05 on Wednesday. AllianceBernstein National Municipal Income Fund has a 52 week low of $9.78 and a 52 week high of $11.34. The company’s 50-day moving average price is $10.94 and its two-hundred day moving average price is $10.83.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last posted its quarterly earnings data 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 declared a monthly dividend, which will be paid on Friday, March 20th. Shareholders of record on Thursday, March 5th will be paid a dividend of $0.0502 per share. This represents a c) dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend is Thursday, March 5th. This is an increase from AllianceBernstein National Municipal Income Fund’s previous monthly dividend of $0.05.

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.