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

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 29,500 shares, a growth of 9.7% from the December 31st total of 26,900 shares. Based on an average daily volume of 73,700 shares, the days-to-cover ratio is currently 0.4 days.

AllianceBernstein National Municipal Income Fund Stock Performance

AFB opened at $11.10 on Tuesday. The business has a fifty day simple moving average of $11.07 and a 200 day simple moving average of $11.31. AllianceBernstein National Municipal Income Fund has a 1 year low of $10.33 and a 1 year high of $11.95.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last announced its quarterly earnings data on Monday, December 30th. The investment management company reported $0.10 earnings per share for the quarter.

AllianceBernstein National Municipal Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 21st. Shareholders of record on Thursday, February 6th will be issued a $0.0396 dividend. The ex-dividend date is Thursday, February 6th. This represents a $0.48 annualized dividend and a yield of 4.28%.

Hedge Funds Weigh In On AllianceBernstein National Municipal Income Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AFB. Rivernorth Capital Management LLC raised its holdings in AllianceBernstein National Municipal Income Fund by 24.2% in the 3rd quarter. Rivernorth Capital Management LLC now owns 1,192,205 shares of the investment management company’s stock valued at $14,068,000 after acquiring an additional 232,205 shares in the last quarter. Pathstone Holdings LLC raised its holdings in shares of AllianceBernstein National Municipal Income Fund by 5.0% during the 3rd quarter. Pathstone Holdings LLC now owns 2,032,729 shares of the investment management company’s stock worth $23,988,000 after buying an additional 96,119 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of AllianceBernstein National Municipal Income Fund by 14.1% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 592,728 shares of the investment management company’s stock worth $6,443,000 after buying an additional 73,447 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of AllianceBernstein National Municipal Income Fund by 15.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 456,237 shares of the investment management company’s stock worth $5,384,000 after buying an additional 62,304 shares in the last quarter. Finally, Riverbridge Partners LLC raised its holdings in shares of AllianceBernstein National Municipal Income Fund by 185.5% during the 4th quarter. Riverbridge Partners LLC now owns 60,384 shares of the investment management company’s stock worth $656,000 after buying an additional 39,236 shares in the last quarter.

AllianceBernstein National Municipal Income Fund Company Profile

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.