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

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) saw a significant growth in short interest in March. As of March 13th, there was short interest totaling 82,765 shares, a growth of 168.4% from the February 26th total of 30,832 shares. Based on an average daily trading volume, of 136,174 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily trading volume, of 136,174 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On AllianceBernstein National Municipal Income Fund

Several hedge funds have recently bought and sold shares of the business. Royal Bank of Canada boosted its position in AllianceBernstein National Municipal Income Fund by 0.5% during the fourth quarter. Royal Bank of Canada now owns 215,218 shares of the investment management company’s stock valued at $2,329,000 after purchasing an additional 1,070 shares during the last quarter. Bank of America Corp DE raised its stake in shares of AllianceBernstein National Municipal Income Fund by 2.1% during the 3rd quarter. Bank of America Corp DE now owns 59,833 shares of the investment management company’s stock worth $649,000 after purchasing an additional 1,234 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of AllianceBernstein National Municipal Income Fund by 0.4% during the 4th quarter. Wells Fargo & Company MN now owns 494,690 shares of the investment management company’s stock valued at $5,353,000 after buying an additional 1,844 shares during the last quarter. ProVise Management Group LLC lifted its holdings in shares of AllianceBernstein National Municipal Income Fund by 7.1% during the 3rd quarter. ProVise Management Group LLC now owns 30,125 shares of the investment management company’s stock valued at $327,000 after buying an additional 2,000 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of AllianceBernstein National Municipal Income Fund by 5.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 47,519 shares of the investment management company’s stock valued at $516,000 after buying an additional 2,395 shares in the last quarter.

AllianceBernstein National Municipal Income Fund Stock Performance

Shares of AllianceBernstein National Municipal Income Fund stock traded up $0.02 during trading on Wednesday, hitting $10.54. The stock had a trading volume of 94,906 shares, compared to its average volume of 120,720. AllianceBernstein National Municipal Income Fund has a 1 year low of $9.78 and a 1 year high of $11.13. The stock has a 50 day simple moving average of $10.92 and a 200 day simple moving average of $10.88.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last issued its quarterly earnings results on Friday, December 26th. The investment management company reported $0.13 EPS for the quarter.

AllianceBernstein National Municipal Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, April 17th. Stockholders of record on Thursday, April 2nd will be given a $0.0502 dividend. This represents a c) annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend is Thursday, April 2nd.

AllianceBernstein National Municipal Income Fund Company Profile

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.