AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) Short Interest Up 9.7% in December

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 29,500 shares, a growth of 9.7% from the December 15th total of 26,900 shares. Based on an average daily volume of 73,700 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On AllianceBernstein National Municipal Income Fund

Several hedge funds have recently bought and sold shares of the stock. Riverbridge Partners LLC increased its position in AllianceBernstein National Municipal Income Fund by 185.5% during the 4th quarter. Riverbridge Partners LLC now owns 60,384 shares of the investment management company’s stock worth $656,000 after buying an additional 39,236 shares during the period. Dakota Wealth Management increased its position in AllianceBernstein National Municipal Income Fund by 4.4% during the fourth quarter. Dakota Wealth Management now owns 43,066 shares of the investment management company’s stock worth $468,000 after acquiring an additional 1,800 shares during the period. Hennion & Walsh Asset Management Inc. raised its stake in AllianceBernstein National Municipal Income Fund by 14.1% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 592,728 shares of the investment management company’s stock worth $6,443,000 after purchasing an additional 73,447 shares in the last quarter. Capital Investment Advisors LLC boosted its holdings in AllianceBernstein National Municipal Income Fund by 4.2% in the 4th quarter. Capital Investment Advisors LLC now owns 81,333 shares of the investment management company’s stock valued at $884,000 after purchasing an additional 3,267 shares during the period. Finally, Rivernorth Capital Management LLC grew its position in shares of AllianceBernstein National Municipal Income Fund by 24.2% during the 3rd quarter. Rivernorth Capital Management LLC now owns 1,192,205 shares of the investment management company’s stock worth $14,068,000 after purchasing an additional 232,205 shares in the last quarter.

AllianceBernstein National Municipal Income Fund Stock Performance

Shares of NYSE AFB traded up $0.02 during midday trading on Monday, hitting $11.01. 34,215 shares of the company’s stock were exchanged, compared to its average volume of 60,010. AllianceBernstein National Municipal Income Fund has a 12 month low of $10.33 and a 12 month high of $11.95. The company’s 50 day moving average price is $11.13 and its 200 day moving average price is $11.33.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last released its quarterly earnings data on Monday, December 30th. The investment management company reported $0.10 EPS for the quarter.

AllianceBernstein National Municipal Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd were issued a $0.0396 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $0.48 annualized dividend and a yield of 4.32%.

AllianceBernstein National Municipal Income Fund Company Profile

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.