AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) Sees Large Growth 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 March. As of March 15th, there was short interest totalling 22,300 shares, a growth of 22.5% from the February 28th total of 18,200 shares. Based on an average daily volume of 72,100 shares, the days-to-cover ratio is currently 0.3 days.

AllianceBernstein National Municipal Income Fund Stock Up 0.1 %

AFB traded up $0.01 on Wednesday, reaching $10.91. 39,474 shares of the company’s stock were exchanged, compared to its average volume of 65,486. AllianceBernstein National Municipal Income Fund has a twelve month low of $10.33 and a twelve month high of $11.95. The company’s 50 day moving average is $11.05 and its 200-day moving average is $11.22.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last released its quarterly earnings data on Friday, March 28th. The investment management company reported $0.12 earnings per share (EPS) for the quarter.

AllianceBernstein National Municipal Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, April 25th. Investors of record on Thursday, April 3rd will be given a dividend of $0.0396 per share. This represents a $0.48 annualized dividend and a yield of 4.36%. The ex-dividend date is Thursday, April 3rd.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AFB. Ackerman Capital Advisors LLC acquired a new position in AllianceBernstein National Municipal Income Fund in the 4th quarter worth $112,000. LifeGoal Wealth Advisors acquired a new position in shares of AllianceBernstein National Municipal Income Fund in the fourth quarter worth about $116,000. Itau Unibanco Holding S.A. purchased a new position in AllianceBernstein National Municipal Income Fund in the fourth quarter valued at about $148,000. Noble Wealth Management PBC acquired a new stake in AllianceBernstein National Municipal Income Fund during the 4th quarter valued at approximately $153,000. Finally, Sanctuary Advisors LLC acquired a new stake in AllianceBernstein National Municipal Income Fund during the 3rd quarter valued at approximately $181,000.

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.