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

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 9,600 shares, an increase of 57.4% from the October 15th total of 6,100 shares. Based on an average daily trading volume, of 59,700 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Private Wealth Strategies L.L.C. increased its stake in shares of AllianceBernstein National Municipal Income Fund by 0.5% in the 2nd quarter. Private Wealth Strategies L.L.C. now owns 767,959 shares of the investment management company’s stock worth $8,532,000 after acquiring an additional 3,853 shares during the last quarter. Wolverine Asset Management LLC increased its stake in shares of AllianceBernstein National Municipal Income Fund by 39.6% in the 3rd quarter. Wolverine Asset Management LLC now owns 26,782 shares of the investment management company’s stock worth $316,000 after acquiring an additional 7,600 shares during the last quarter. Private Advisor Group LLC acquired a new stake in shares of AllianceBernstein National Municipal Income Fund in the 3rd quarter worth $139,000. Balanced Wealth Group LLC grew its holdings in shares of AllianceBernstein National Municipal Income Fund by 18.6% during the 3rd quarter. Balanced Wealth Group LLC now owns 81,677 shares of the investment management company’s stock worth $964,000 after purchasing an additional 12,819 shares during the period. Finally, Blue Bell Private Wealth Management LLC grew its holdings in shares of AllianceBernstein National Municipal Income Fund by 84.8% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 32,902 shares of the investment management company’s stock worth $366,000 after purchasing an additional 15,102 shares during the period.

AllianceBernstein National Municipal Income Fund Trading Up 0.4 %

AllianceBernstein National Municipal Income Fund stock traded up $0.04 during mid-day trading on Thursday, hitting $11.36. The company had a trading volume of 54,036 shares, compared to its average volume of 65,378. AllianceBernstein National Municipal Income Fund has a 12-month low of $9.98 and a 12-month high of $11.95. The company’s fifty day moving average is $11.53 and its 200-day moving average is $11.25.

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

AllianceBernstein National Municipal Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, November 7th will be paid a $0.0396 dividend. This represents a $0.48 annualized dividend and a yield of 4.18%. The ex-dividend date of this dividend is Thursday, November 7th.

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.