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

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) was the recipient of a significant growth in short interest in 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.

AllianceBernstein National Municipal Income Fund Stock Up 0.0%

Shares of AFB stock opened at $10.74 on Tuesday. The stock has a fifty day moving average of $10.95 and a 200 day moving average of $10.87. AllianceBernstein National Municipal Income Fund has a 52 week low of $9.78 and a 52 week high of $11.13.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last issued 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 business also recently declared a monthly dividend, which will be paid on Friday, March 20th. Investors of record on Thursday, March 5th will be given a dividend of $0.0502 per share. This is an increase from AllianceBernstein National Municipal Income Fund’s previous monthly dividend of $0.05. This represents a c) annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Thursday, March 5th.

Institutional Trading of AllianceBernstein National Municipal Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Elyxium Wealth LLC bought a new stake in AllianceBernstein National Municipal Income Fund during the 4th quarter valued at approximately $43,000. Global Retirement Partners LLC raised its position in shares of AllianceBernstein National Municipal Income Fund by 367.0% in the 4th 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. purchased a new position in shares of AllianceBernstein National Municipal Income Fund in the 3rd quarter valued at approximately $65,000. Allworth Financial LP purchased a new position in shares of AllianceBernstein National Municipal Income Fund in the 2nd quarter valued at approximately $72,000. Finally, Geneos Wealth Management Inc. boosted its position in shares of AllianceBernstein National Municipal Income Fund by 328.5% during the first 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.

About AllianceBernstein National Municipal Income Fund

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.