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

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) was the target of a significant growth in short interest in the month of 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 trading volume of 136,174 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 136,174 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On AllianceBernstein National Municipal Income Fund

Hedge funds have recently made changes to their positions in the business. Elyxium Wealth LLC acquired a new stake in AllianceBernstein National Municipal Income Fund during the fourth quarter valued at approximately $43,000. Global Retirement Partners LLC increased its holdings in shares of AllianceBernstein National Municipal Income Fund by 367.0% in the fourth quarter. Global Retirement Partners LLC now owns 4,670 shares of the investment management company’s stock valued at $51,000 after buying an additional 3,670 shares in the last quarter. PNC Financial Services Group Inc. acquired a new stake in shares of AllianceBernstein National Municipal Income Fund during the 3rd quarter valued at $65,000. Geneos Wealth Management Inc. lifted its position in shares of AllianceBernstein National Municipal Income Fund by 328.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 7,315 shares of the investment management company’s stock valued at $79,000 after acquiring an additional 5,608 shares during the last quarter. Finally, Nomura Holdings Inc. bought a new stake in shares of AllianceBernstein National Municipal Income Fund during the 2nd quarter worth $103,000.

AllianceBernstein National Municipal Income Fund Stock Performance

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

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

AllianceBernstein National Municipal Income Fund Announces Dividend

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

About AllianceBernstein National Municipal Income Fund

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.