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

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 18,300 shares, a growth of 66.4% from the March 15th total of 11,000 shares. Based on an average daily trading volume, of 72,000 shares, the short-interest ratio is presently 0.3 days.

AllianceBernstein National Municipal Income Fund Stock Down 0.1 %

Shares of NYSE AFB opened at $10.54 on Friday. AllianceBernstein National Municipal Income Fund has a 1-year low of $8.95 and a 1-year high of $11.05. The business has a 50-day moving average of $10.85 and a 200-day moving average of $10.41.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last issued its earnings results on Friday, March 22nd. The investment management company reported $0.10 earnings per share for the quarter.

AllianceBernstein National Municipal Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, April 19th. Investors of record on Friday, April 5th will be issued a $0.0327 dividend. This represents a $0.39 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date is Thursday, April 4th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Ironsides Asset Advisors LLC boosted its holdings in AllianceBernstein National Municipal Income Fund by 6.8% in the third quarter. Ironsides Asset Advisors LLC now owns 20,416 shares of the investment management company’s stock valued at $191,000 after purchasing an additional 1,298 shares during the last quarter. Landscape Capital Management L.L.C. boosted its holdings in AllianceBernstein National Municipal Income Fund by 9.7% in the third quarter. Landscape Capital Management L.L.C. now owns 16,038 shares of the investment management company’s stock valued at $150,000 after purchasing an additional 1,422 shares during the last quarter. Stifel Financial Corp boosted its holdings in AllianceBernstein National Municipal Income Fund by 4.7% in the third quarter. Stifel Financial Corp now owns 36,364 shares of the investment management company’s stock valued at $340,000 after purchasing an additional 1,646 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its holdings in AllianceBernstein National Municipal Income Fund by 3.9% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 48,970 shares of the investment management company’s stock valued at $531,000 after purchasing an additional 1,830 shares during the last quarter. Finally, Park Avenue Securities LLC boosted its holdings in AllianceBernstein National Municipal Income Fund by 7.6% in the third quarter. Park Avenue Securities LLC now owns 26,486 shares of the investment management company’s stock valued at $247,000 after purchasing an additional 1,878 shares during the last quarter.

About AllianceBernstein National Municipal Income Fund

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.