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

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 85,936 shares, an increase of 78.5% from the August 15th total of 48,156 shares. Based on an average trading volume of 56,224 shares, the short-interest ratio is currently 1.5 days.

AllianceBernstein National Municipal Income Fund Price Performance

Shares of AFB traded up $0.13 during trading hours on Thursday, hitting $10.23. The company had a trading volume of 89,265 shares, compared to its average volume of 101,651. The firm has a fifty day moving average price of $10.85 and a 200-day moving average price of $10.96. AllianceBernstein National Municipal Income Fund has a 52-week low of $10.04 and a 52-week high of $11.50.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last released its quarterly earnings data on Friday, June 26th. The investment management company reported $0.15 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, September 18th. Investors of record on Thursday, September 3rd will be issued a $0.0502 dividend. This represents a c) dividend on an annualized basis and a yield of 5.9%. The ex-dividend date is Thursday, September 3rd.

Institutional Trading of AllianceBernstein National Municipal Income Fund

Several institutional investors have recently added to or reduced their stakes in AFB. Traub Capital Management LLC raised its holdings in shares of AllianceBernstein National Municipal Income Fund by 7.5% during the first quarter. Traub Capital Management LLC now owns 50,291 shares of the investment management company’s stock valued at $538,000 after purchasing an additional 3,504 shares during the last quarter. Noble Wealth Management PBC grew its position in AllianceBernstein National Municipal Income Fund by 5.9% in the 2nd quarter. Noble Wealth Management PBC now owns 68,341 shares of the investment management company’s stock worth $780,000 after purchasing an additional 3,796 shares during the period. Elyxium Wealth LLC purchased a new stake in AllianceBernstein National Municipal Income Fund during the 4th quarter valued at $43,000. Bank of New York Mellon Corp lifted its holdings in shares of AllianceBernstein National Municipal Income Fund by 4.4% during the 1st quarter. Bank of New York Mellon Corp now owns 147,061 shares of the investment management company’s stock valued at $1,572,000 after buying an additional 6,189 shares during the period. Finally, Catalina Capital Group LLC boosted its stake in shares of AllianceBernstein National Municipal Income Fund by 39.7% in the 1st quarter. Catalina Capital Group LLC now owns 27,513 shares of the investment management company’s stock worth $294,000 after buying an additional 7,823 shares during the last quarter.

About AllianceBernstein National Municipal Income Fund

AllianceBernstein National Municipal Income Fund (NYSE: AFB) is a closed-end management investment company that primarily seeks to provide shareholders with a high level of federally tax-exempt income. The fund invests predominantly in a diversified portfolio of investment-grade municipal securities issued by U.S. state and local governments, authorities and agencies. These instruments include general obligation bonds, revenue bonds and other municipal debt obligations that offer tax-advantaged income potential for investors.

Under the management of AllianceBernstein L.P., the fund’s portfolio is constructed and monitored by a dedicated team of municipal credit analysts and portfolio managers.