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

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) saw a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 16,287 shares, a decrease of 83.0% from the November 30th total of 95,946 shares. Based on an average trading volume of 135,777 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 135,777 shares, the short-interest ratio is currently 0.1 days.

Insider Transactions at AllianceBernstein National Municipal Income Fund

In related news, Director Garry L. Moody bought 13,500 shares of the company’s stock in a transaction dated Friday, October 31st. The shares were acquired at an average price of $11.07 per share, for a total transaction of $149,445.00. Following the completion of the transaction, the director directly owned 13,500 shares in the company, valued at $149,445. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AFB. Karpus Management Inc. boosted its holdings in shares of AllianceBernstein National Municipal Income Fund by 59.5% during the 2nd quarter. Karpus Management Inc. now owns 1,144,987 shares of the investment management company’s stock worth $11,805,000 after purchasing an additional 426,910 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in AllianceBernstein National Municipal Income Fund by 23.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,225,785 shares of the investment management company’s stock worth $13,300,000 after buying an additional 235,174 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in AllianceBernstein National Municipal Income Fund by 375.1% during the third quarter. Ameriprise Financial Inc. now owns 286,422 shares of the investment management company’s stock worth $3,108,000 after buying an additional 226,131 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in AllianceBernstein National Municipal Income Fund by 52.5% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 563,217 shares of the investment management company’s stock valued at $6,111,000 after buying an additional 193,848 shares in the last quarter. Finally, Pathstone Holdings LLC increased its stake in shares of AllianceBernstein National Municipal Income Fund by 7.2% in the 3rd quarter. Pathstone Holdings LLC now owns 2,143,102 shares of the investment management company’s stock worth $23,253,000 after acquiring an additional 144,091 shares during the last quarter.

AllianceBernstein National Municipal Income Fund Trading Down 0.2%

AFB stock traded down $0.02 during trading on Thursday, hitting $10.71. The stock had a trading volume of 80,410 shares, compared to its average volume of 85,365. AllianceBernstein National Municipal Income Fund has a twelve month low of $9.78 and a twelve month high of $11.34. The company’s 50-day moving average price is $10.88 and its two-hundred day moving average price is $10.58.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last announced its earnings results on Friday, September 26th. The investment management company reported $0.14 EPS for the quarter.

AllianceBernstein National Municipal Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, December 19th. Investors of record on Thursday, December 4th were paid a dividend of $0.0502 per share. This represents a c) annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend was Thursday, December 4th.

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.