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

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFBGet Rating) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totalling 31,200 shares, an increase of 116.7% from the March 15th total of 14,400 shares. Based on an average daily volume of 73,000 shares, the days-to-cover ratio is currently 0.4 days.

In related news, Director Garry L. Moody sold 4,655 shares of AllianceBernstein National Municipal Income Fund stock in a transaction on Tuesday, April 12th. The shares were sold at an average price of $11.98, for a total value of $55,766.90. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Private Wealth Strategies L.L.C. boosted its stake in AllianceBernstein National Municipal Income Fund by 13.8% during the 4th quarter. Private Wealth Strategies L.L.C. now owns 825,936 shares of the investment management company’s stock worth $12,233,000 after purchasing an additional 100,337 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of AllianceBernstein National Municipal Income Fund during the 4th quarter valued at about $9,705,000. UBS Group AG boosted its position in shares of AllianceBernstein National Municipal Income Fund by 10.8% during the 3rd quarter. UBS Group AG now owns 471,073 shares of the investment management company’s stock valued at $7,038,000 after acquiring an additional 46,061 shares during the last quarter. Keybank National Association OH boosted its position in shares of AllianceBernstein National Municipal Income Fund by 1,405.6% during the 4th quarter. Keybank National Association OH now owns 428,426 shares of the investment management company’s stock valued at $6,345,000 after acquiring an additional 399,970 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in AllianceBernstein National Municipal Income Fund by 12.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 335,077 shares of the investment management company’s stock valued at $4,962,000 after buying an additional 36,389 shares during the period.

Shares of AFB opened at $11.81 on Friday. AllianceBernstein National Municipal Income Fund has a 52-week low of $11.75 and a 52-week high of $15.58. The firm’s fifty day moving average is $12.83 and its two-hundred day moving average is $14.02.

The firm also recently announced a monthly dividend, which will be paid on Friday, April 22nd. Shareholders of record on Friday, April 8th will be paid a dividend of $0.0448 per share. The ex-dividend date is Thursday, April 7th. This represents a $0.54 annualized dividend and a yield of 4.55%.

AllianceBernstein National Municipal Income Fund Company Profile (Get Rating)

AllianceBernstein National Municipal Income Fund 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.

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