AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) Stock Short Interest Falls 92.8%

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 4,607 shares, a drop of 92.8% from the September 30th total of 63,852 shares. Based on an average daily volume of 195,157 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of AllianceBernstein National Municipal Income Fund

Institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC grew its stake in AllianceBernstein National Municipal Income Fund by 2.2% in the first 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 purchasing an additional 31,831 shares in the last quarter. Rivernorth Capital Management LLC lifted its stake 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 worth $11,347,000 after buying an additional 21,639 shares during the last quarter. Keybank National Association OH boosted its holdings in shares of AllianceBernstein National Municipal Income Fund by 3.1% during the 1st quarter. Keybank National Association OH now owns 959,584 shares of the investment management company’s stock worth $10,258,000 after buying an additional 28,842 shares during the period. Rareview Capital LLC acquired a new position in shares of AllianceBernstein National Municipal Income Fund in the first quarter valued at approximately $4,333,000. Finally, Altium Capital Management LLC grew its holdings in AllianceBernstein National Municipal Income Fund by 129.5% in the 1st quarter. Altium Capital Management LLC now owns 222,264 shares of the investment management company’s stock valued at $2,376,000 after buying an additional 125,415 shares in the last quarter.

AllianceBernstein National Municipal Income Fund Price Performance

Shares of AllianceBernstein National Municipal Income Fund stock traded up $0.20 during trading on Monday, hitting $10.11. 75,379 shares of the company were exchanged, compared to its average volume of 113,412. The firm’s fifty day moving average price is $10.15 and its 200 day moving average price is $10.77. AllianceBernstein National Municipal Income Fund has a 1-year low of $9.28 and a 1-year high of $11.50.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last issued its earnings results on Friday, September 25th. The investment management company reported $0.16 EPS for the quarter.

AllianceBernstein National Municipal Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, October 16th. Stockholders of record on Thursday, October 1st were given a dividend of $0.0502 per share. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $0.60 annualized dividend and a dividend yield of 6.0%.

About AllianceBernstein National Municipal Income Fund

AllianceBernstein National Municipal Income Fund (NYSE: AFB) is a closed-end investment company that seeks to provide a high level of current income exempt from regular U.S. federal income tax. The fund invests primarily in municipal debt securities issued by states, cities, counties, public authorities and other governmental entities.

Managed by AllianceBernstein L.P., the fund provides investors with access to a diversified portfolio of tax-exempt municipal bonds across the United States.