Short Interest in AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) Expands By 158.3%

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) saw a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 24,800 shares, an increase of 158.3% from the October 31st total of 9,600 shares. Based on an average daily trading volume, of 62,800 shares, the days-to-cover ratio is presently 0.4 days.

AllianceBernstein National Municipal Income Fund Price Performance

AFB stock opened at $11.49 on Friday. The stock has a 50-day moving average price of $11.46 and a 200-day moving average price of $11.29. AllianceBernstein National Municipal Income Fund has a 1-year low of $10.33 and a 1-year high of $11.95.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last issued its earnings results on Friday, September 27th. The investment management company reported $0.11 earnings per share for the quarter.

AllianceBernstein National Municipal Income Fund Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, December 20th. Stockholders of record on Thursday, December 5th will be issued a dividend of $0.0396 per share. The ex-dividend date of this dividend is Thursday, December 5th.

Institutional Trading of AllianceBernstein National Municipal Income Fund

Several large investors have recently made changes to their positions in the company. Private Advisor Group LLC bought a new position in AllianceBernstein National Municipal Income Fund in the 3rd quarter valued at about $139,000. Sanctuary Advisors LLC purchased a new position in AllianceBernstein National Municipal Income Fund during the 3rd quarter worth $181,000. Choreo LLC bought a new stake in shares of AllianceBernstein National Municipal Income Fund in the 2nd quarter worth $252,000. Wolverine Asset Management LLC raised its holdings in shares of AllianceBernstein National Municipal Income Fund by 39.6% in the third quarter. Wolverine Asset Management LLC now owns 26,782 shares of the investment management company’s stock valued at $316,000 after purchasing an additional 7,600 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC raised its holdings in shares of AllianceBernstein National Municipal Income Fund by 84.8% in the second quarter. Blue Bell Private Wealth Management LLC now owns 32,902 shares of the investment management company’s stock valued at $366,000 after purchasing an additional 15,102 shares during the last quarter.

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.