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

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 9,600 shares, an increase of 57.4% from the October 15th total of 6,100 shares. Based on an average daily volume of 59,700 shares, the short-interest ratio is presently 0.2 days.

AllianceBernstein National Municipal Income Fund Stock Performance

Shares of AFB stock opened at $11.30 on Friday. The stock’s fifty day moving average price is $11.53 and its 200 day moving average price is $11.25. AllianceBernstein National Municipal Income Fund has a 1-year low of $10.07 and a 1-year high of $11.95.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last issued its quarterly 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 monthly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Thursday, November 7th will be issued a dividend of $0.0396 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date is Thursday, November 7th.

Hedge Funds Weigh In On AllianceBernstein National Municipal Income Fund

Several hedge funds have recently made changes to their positions in the company. Private Advisor Group LLC purchased a new stake in AllianceBernstein National Municipal Income Fund in the third quarter valued at $139,000. Choreo LLC purchased a new stake in shares of AllianceBernstein National Municipal Income Fund in the second quarter worth about $252,000. Wolverine Asset Management LLC grew its holdings in AllianceBernstein National Municipal Income Fund by 39.6% during the third quarter. Wolverine Asset Management LLC now owns 26,782 shares of the investment management company’s stock worth $316,000 after acquiring an additional 7,600 shares during the period. Blue Bell Private Wealth Management LLC raised its position in AllianceBernstein National Municipal Income Fund by 84.8% during 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 acquiring an additional 15,102 shares in the last quarter. Finally, Stifel Financial Corp lifted its holdings in AllianceBernstein National Municipal Income Fund by 4.3% in the third quarter. Stifel Financial Corp now owns 35,722 shares of the investment management company’s stock valued at $422,000 after acquiring an additional 1,460 shares during the period.

About AllianceBernstein National Municipal Income Fund

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.