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

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) saw a significant decrease in short interest in September. As of September 30th, there was short interest totalling 8,100 shares, a decrease of 14.7% from the September 15th total of 9,500 shares. Based on an average daily trading volume, of 56,900 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of AllianceBernstein National Municipal Income Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Park Avenue Securities LLC acquired a new stake in AllianceBernstein National Municipal Income Fund during the 1st quarter valued at approximately $124,000. Inscription Capital LLC bought a new stake in shares of AllianceBernstein National Municipal Income Fund in the 1st quarter valued at $131,000. Choreo LLC acquired a new stake in shares of AllianceBernstein National Municipal Income Fund during the second quarter worth $252,000. Blue Bell Private Wealth Management LLC raised its stake in AllianceBernstein National Municipal Income Fund by 84.8% during the second quarter. Blue Bell Private Wealth Management LLC now owns 32,902 shares of the investment management company’s stock worth $366,000 after buying an additional 15,102 shares during the last quarter. Finally, Rothschild Investment LLC acquired a new position in AllianceBernstein National Municipal Income Fund in the second quarter valued at $891,000.

AllianceBernstein National Municipal Income Fund Trading Up 0.3 %

Shares of NYSE AFB traded up $0.03 during mid-day trading on Wednesday, hitting $11.58. 23,665 shares of the stock traded hands, compared to its average volume of 65,776. AllianceBernstein National Municipal Income Fund has a twelve month low of $8.95 and a twelve month high of $11.95. The firm has a 50 day simple moving average of $11.56 and a two-hundred day simple moving average of $11.14.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last released its quarterly earnings data on Friday, September 27th. The investment management company reported $0.11 earnings per share (EPS) for the quarter.

AllianceBernstein National Municipal Income Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, October 3rd will be paid a $0.0396 dividend. This is a boost from AllianceBernstein National Municipal Income Fund’s previous monthly dividend of $0.04. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $0.48 annualized dividend and a dividend yield of 4.10%.

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.