AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) Sees Significant Decrease in Short Interest

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) was the recipient of a significant 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 trading volume, of 91,694 shares, the days-to-cover ratio is presently 0.7 days.

AllianceBernstein National Municipal Income Fund Price Performance

Shares of NYSE AFB traded down $0.02 during midday trading on Tuesday, reaching $10.89. 3,483 shares of the stock were exchanged, compared to its average volume of 110,221. The firm has a 50-day simple moving average of $11.21 and a two-hundred day simple moving average of $11.01. AllianceBernstein National Municipal Income Fund has a twelve month low of $10.08 and a twelve month high of $11.50.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last posted its earnings results on Friday, June 26th. The investment management company reported $0.15 earnings per share (EPS) 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. Shareholders of record on Thursday, August 6th will be issued a $0.0502 dividend. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend is Thursday, August 6th.

Insider Buying and Selling

In related news, Director R Jay Gerken purchased 2,500 shares of AllianceBernstein National Municipal Income Fund stock in a transaction that occurred on Friday, May 22nd. The stock was bought at an average cost of $10.96 per share, for a total transaction of $27,400.00. Following the completion of the transaction, the director owned 2,500 shares in the company, valued at $27,400. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Elyxium Wealth LLC purchased a new position in shares of AllianceBernstein National Municipal Income Fund during the 4th quarter valued at approximately $43,000. Global Retirement Partners LLC increased its holdings in AllianceBernstein National Municipal Income Fund by 367.0% in the 4th quarter. Global Retirement Partners LLC now owns 4,670 shares of the investment management company’s stock worth $51,000 after acquiring an additional 3,670 shares in the last quarter. Geneos Wealth Management Inc. raised its position in AllianceBernstein National Municipal Income Fund by 328.5% during the first quarter. Geneos Wealth Management Inc. now owns 7,315 shares of the investment management company’s stock worth $79,000 after acquiring an additional 5,608 shares during the period. Nomura Holdings Inc. acquired a new position in AllianceBernstein National Municipal Income Fund during the second quarter worth $103,000. Finally, Captrust Financial Advisors purchased a new position in AllianceBernstein National Municipal Income Fund during the second quarter valued at $103,000.

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.