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 decrease in short interest in October. As of October 15th, there was short interest totaling 4,607 shares, a decrease of 92.8% from the September 30th total of 63,852 shares. Based on an average daily trading volume, of 195,157 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC increased its stake in shares of AllianceBernstein National Municipal Income Fund by 2.2% in 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 buying an additional 31,831 shares during the period. Rivernorth Capital Management LLC raised its position in shares of AllianceBernstein National Municipal Income Fund by 2.1% during the first quarter. Rivernorth Capital Management LLC now owns 1,061,484 shares of the investment management company’s stock worth $11,347,000 after acquiring an additional 21,639 shares during the last quarter. Keybank National Association OH lifted its stake in shares of AllianceBernstein National Municipal Income Fund by 3.1% during the first 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 during the period. Rareview Capital LLC acquired a new position in shares of AllianceBernstein National Municipal Income Fund during the first quarter valued at $4,333,000. Finally, Altium Capital Management LLC lifted its stake in shares of AllianceBernstein National Municipal Income Fund by 129.5% during the first quarter. Altium Capital Management LLC now owns 222,264 shares of the investment management company’s stock valued at $2,376,000 after acquiring an additional 125,415 shares during the period.

AllianceBernstein National Municipal Income Fund Stock Up 2.0%

NYSE:AFB traded up $0.20 during mid-day trading on Monday, reaching $10.11. 75,379 shares of the company were exchanged, compared to its average volume of 113,412. AllianceBernstein National Municipal Income Fund has a 12 month low of $9.28 and a 12 month high of $11.50. The company has a fifty day moving average of $10.15 and a 200 day moving average of $10.77.

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

AllianceBernstein National Municipal Income Fund Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, October 16th. Investors of record on Thursday, October 1st were issued a $0.0502 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.0%.

AllianceBernstein National Municipal Income Fund Company Profile

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.