AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) Sees Significant Increase in Short Interest

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 29,500 shares, a growth of 9.7% from the December 31st total of 26,900 shares. Based on an average daily trading volume, of 73,700 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of AllianceBernstein National Municipal Income Fund

A number of hedge funds have recently bought and sold shares of AFB. Rivernorth Capital Management LLC lifted its holdings 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 acquiring an additional 232,205 shares during the period. Pathstone Holdings LLC lifted its holdings in AllianceBernstein National Municipal Income Fund by 5.0% during the third quarter. Pathstone Holdings LLC now owns 2,032,729 shares of the investment management company’s stock worth $23,988,000 after acquiring an additional 96,119 shares during the period. Hennion & Walsh Asset Management Inc. lifted its holdings in AllianceBernstein National Municipal Income Fund by 14.1% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 592,728 shares of the investment management company’s stock worth $6,443,000 after acquiring an additional 73,447 shares during the period. Advisors Asset Management Inc. lifted its holdings in AllianceBernstein National Municipal Income Fund by 15.8% during the third quarter. Advisors Asset Management Inc. now owns 456,237 shares of the investment management company’s stock worth $5,384,000 after acquiring an additional 62,304 shares during the period. Finally, Riverbridge Partners LLC lifted its holdings in AllianceBernstein National Municipal Income Fund by 185.5% during the fourth quarter. Riverbridge Partners LLC now owns 60,384 shares of the investment management company’s stock worth $656,000 after acquiring an additional 39,236 shares during the period.

AllianceBernstein National Municipal Income Fund Stock Up 0.4 %

NYSE AFB opened at $11.10 on Tuesday. The business has a 50 day simple moving average of $11.07 and a 200 day simple moving average of $11.31. AllianceBernstein National Municipal Income Fund has a one year low of $10.33 and a one year high of $11.95.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last announced its quarterly earnings data on Monday, December 30th. The investment management company reported $0.10 EPS for the quarter.

AllianceBernstein National Municipal Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 21st. Investors of record on Thursday, February 6th will be issued a dividend of $0.0396 per share. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $0.48 dividend on an annualized basis and a yield of 4.28%.

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.