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

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) saw a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 64,769 shares, a decrease of 49.5% from the June 30th total of 128,260 shares. Based on an average daily volume of 91,694 shares, the short-interest ratio is presently 0.7 days.

AllianceBernstein National Municipal Income Fund Trading Down 0.4%

Shares of NYSE AFB traded down $0.04 during trading hours on Thursday, hitting $10.91. The stock had a trading volume of 50,086 shares, compared to its average volume of 109,615. The firm’s 50-day moving average price is $11.21 and its two-hundred day moving average price is $11.02. AllianceBernstein National Municipal Income Fund has a 52 week low of $10.09 and a 52 week high of $11.50.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last issued its quarterly earnings data on Friday, June 26th. The investment management company reported $0.15 earnings per share for the quarter.

AllianceBernstein National Municipal Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 21st. Investors of record on Thursday, August 6th will be paid a $0.0502 dividend. This represents a c) annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend is Thursday, August 6th.

Insiders Place Their Bets

In other news, Director R Jay Gerken purchased 2,500 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was bought at an average cost of $10.96 per share, with a total value of $27,400.00. Following the purchase, the director directly owned 2,500 shares of the company’s stock, valued at approximately $27,400. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Institutional Investors Weigh In On AllianceBernstein National Municipal Income Fund

A number of large investors have recently bought and sold shares of the business. Pathstone Holdings LLC raised its holdings in AllianceBernstein National Municipal Income Fund by 7.2% during the third quarter. Pathstone Holdings LLC now owns 2,143,102 shares of the investment management company’s stock valued at $23,253,000 after buying an additional 144,091 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of AllianceBernstein National Municipal Income Fund by 2.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,464,577 shares of the investment management company’s stock valued at $15,656,000 after acquiring an additional 31,831 shares during the last quarter. Rivernorth Capital Management LLC increased its holdings in shares of AllianceBernstein National Municipal Income Fund by 2.1% during the 1st quarter. Rivernorth Capital Management LLC now owns 1,061,484 shares of the investment management company’s stock valued at $11,347,000 after acquiring an additional 21,639 shares during the last quarter. Keybank National Association OH raised its stake in shares of AllianceBernstein National Municipal Income Fund by 3.1% in the 1st quarter. Keybank National Association OH now owns 959,584 shares of the investment management company’s stock valued at $10,258,000 after acquiring an additional 28,842 shares in the last quarter. Finally, Guggenheim Capital LLC raised its stake in shares of AllianceBernstein National Municipal Income Fund by 49.3% in the 4th quarter. Guggenheim Capital LLC now owns 705,049 shares of the investment management company’s stock valued at $7,629,000 after acquiring an additional 232,964 shares in the last quarter.

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.