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

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

AllianceBernstein National Municipal Income Fund Stock Performance

NYSE AFB traded up $0.04 on Tuesday, hitting $10.90. The stock had a trading volume of 33,228 shares, compared to its average volume of 65,590. The firm has a 50-day moving average of $11.05 and a 200-day moving average of $11.22. AllianceBernstein National Municipal Income Fund has a 52-week low of $10.33 and a 52-week high of $11.95.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last posted 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 Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Ackerman Capital Advisors LLC purchased a new position in AllianceBernstein National Municipal Income Fund in the 4th quarter worth approximately $112,000. LifeGoal Wealth Advisors bought a new stake in shares of AllianceBernstein National Municipal Income Fund during the 4th quarter worth $116,000. Itau Unibanco Holding S.A. purchased a new position in AllianceBernstein National Municipal Income Fund in the fourth quarter worth $148,000. Noble Wealth Management PBC purchased a new position in AllianceBernstein National Municipal Income Fund in the fourth quarter worth $153,000. Finally, Sanctuary Advisors LLC bought a new position in AllianceBernstein National Municipal Income Fund in the third quarter valued at $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.