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

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

AllianceBernstein National Municipal Income Fund Stock Performance

Shares of NYSE:AFB traded up $0.03 on Wednesday, reaching $11.58. 23,665 shares of the company’s stock were exchanged, 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 company has a fifty day moving average of $11.56 and a 200-day moving average of $11.14.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last issued its quarterly earnings results 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 business also recently declared a monthly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, October 3rd will be given a $0.0396 dividend. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.10%. This is a boost from AllianceBernstein National Municipal Income Fund’s previous monthly dividend of $0.04.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AFB. Private Wealth Strategies L.L.C. increased its holdings in 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 valued at $8,532,000 after buying an additional 3,853 shares during the period. Park Avenue Securities LLC acquired a new position in AllianceBernstein National Municipal Income Fund during the first quarter valued at approximately $124,000. Inscription Capital LLC acquired a new position in AllianceBernstein National Municipal Income Fund during the first quarter valued at approximately $131,000. Blue Bell Private Wealth Management LLC lifted 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 purchasing an additional 15,102 shares during the last quarter. Finally, Choreo LLC acquired a new stake in shares of AllianceBernstein National Municipal Income Fund in the 2nd quarter valued at $252,000.

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.