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

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 9,500 shares, an increase of 216.7% from the August 31st total of 3,000 shares. Based on an average daily trading volume, of 57,100 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AFB. Wells Fargo & Company MN grew its position in AllianceBernstein National Municipal Income Fund by 1.3% during the fourth quarter. Wells Fargo & Company MN now owns 844,076 shares of the investment management company’s stock worth $9,150,000 after buying an additional 11,087 shares during the period. Flow State Investments L.P. acquired a new position in AllianceBernstein National Municipal Income Fund during the fourth quarter worth $171,000. Park Avenue Securities LLC acquired a new position in AllianceBernstein National Municipal Income Fund during the first quarter worth $124,000. Inscription Capital LLC purchased a new stake in AllianceBernstein National Municipal Income Fund during the first quarter worth $131,000. Finally, Van ECK Associates Corp increased its position in shares of AllianceBernstein National Municipal Income Fund by 13.9% in the first quarter. Van ECK Associates Corp now owns 250,533 shares of the investment management company’s stock valued at $2,753,000 after buying an additional 30,594 shares in the last quarter.

AllianceBernstein National Municipal Income Fund Trading Up 0.5 %

NYSE AFB traded up $0.06 during trading hours on Friday, hitting $11.69. 32,537 shares of the stock were exchanged, compared to its average volume of 65,299. AllianceBernstein National Municipal Income Fund has a 12-month low of $8.95 and a 12-month high of $11.81. The stock has a 50-day moving average of $11.45 and a 200 day moving average of $11.07.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last issued its earnings results on Friday, June 28th. The investment management company reported $0.10 earnings per share (EPS) for the quarter.

AllianceBernstein National Municipal Income Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, October 3rd will be issued a dividend of $0.0396 per share. This represents a $0.48 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date is Thursday, October 3rd. This is a positive change from AllianceBernstein National Municipal Income Fund’s previous monthly dividend of $0.04.

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.