AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) Stock Short Interest Report for October

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) saw a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 4,607 shares, a decrease of 92.8% from the September 30th total of 63,852 shares. Based on an average daily volume of 195,157 shares, the short-interest ratio is currently 0.0 days.

AllianceBernstein National Municipal Income Fund Stock Up 1.5%

AllianceBernstein National Municipal Income Fund stock traded up $0.15 during midday trading on Tuesday, hitting $10.29. 80,633 shares of the stock were exchanged, compared to its average volume of 113,200. AllianceBernstein National Municipal Income Fund has a 52-week low of $9.28 and a 52-week high of $11.50. The business’s 50-day moving average price is $10.14 and its 200-day moving average price is $10.79.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last issued its quarterly earnings data on Friday, September 25th. The investment management company reported $0.16 earnings per share (EPS) for the quarter.

AllianceBernstein National Municipal Income Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 20th. Investors of record on Thursday, November 5th will be issued a dividend of $0.0670 per share. This represents a $0.80 dividend on an annualized basis and a yield of 7.8%. This is an increase from AllianceBernstein National Municipal Income Fund’s previous monthly dividend of $0.0502. The ex-dividend date is Thursday, November 5th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of AFB. Farther Finance Advisors LLC purchased a new stake in shares of AllianceBernstein National Municipal Income Fund during the 3rd quarter valued at $33,000. Wedbush Securities Inc. bought a new position in shares of AllianceBernstein National Municipal Income Fund during the 3rd quarter valued at approximately $210,000. Balanced Wealth Group LLC grew its position in shares of AllianceBernstein National Municipal Income Fund by 82.8% during the 1st quarter. Balanced Wealth Group LLC now owns 23,245 shares of the investment management company’s stock valued at $248,000 after acquiring an additional 10,527 shares during the period. Catalina Capital Group LLC increased its stake in shares of AllianceBernstein National Municipal Income Fund by 39.7% during the 1st quarter. Catalina Capital Group LLC now owns 27,513 shares of the investment management company’s stock worth $294,000 after purchasing an additional 7,823 shares during the last quarter. Finally, Arete Wealth Advisors LLC increased its stake in shares of AllianceBernstein National Municipal Income Fund by 80.6% during the 1st quarter. Arete Wealth Advisors LLC now owns 34,137 shares of the investment management company’s stock worth $363,000 after purchasing an additional 15,235 shares during the last quarter.

AllianceBernstein National Municipal Income Fund Company Profile

AllianceBernstein National Municipal Income Fund (NYSE: AFB) is a closed-end investment company that seeks to provide a high level of current income exempt from regular U.S. federal income tax. The fund invests primarily in municipal debt securities issued by states, cities, counties, public authorities and other governmental entities.

Managed by AllianceBernstein L.P., the fund provides investors with access to a diversified portfolio of tax-exempt municipal bonds across the United States.