AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) Short Interest Up 151.7% in April

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totaling 115,816 shares, a growth of 151.7% from the April 15th total of 46,010 shares. Based on an average daily trading volume, of 131,467 shares, the short-interest ratio is presently 0.9 days.

AllianceBernstein National Municipal Income Fund Stock Down 1.0%

AFB stock traded down $0.11 during trading on Friday, reaching $10.97. 107,213 shares of the stock were exchanged, compared to its average volume of 119,754. The firm’s 50 day moving average is $10.85 and its 200 day moving average is $10.89. AllianceBernstein National Municipal Income Fund has a twelve month low of $10.05 and a twelve month high of $11.25.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last announced its quarterly earnings data on Friday, March 27th. The investment management company reported $0.17 EPS for the quarter.

AllianceBernstein National Municipal Income Fund Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, May 7th will be paid a dividend of $0.0502 per share. The ex-dividend date is Thursday, May 7th. This represents a c) dividend on an annualized basis and a yield of 5.5%.

Insider Activity at AllianceBernstein National Municipal Income Fund

In other AllianceBernstein National Municipal Income Fund news, Director Garry L. Moody sold 13,500 shares of AllianceBernstein National Municipal Income Fund stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $10.96, for a total value of $147,960.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Trading of AllianceBernstein National Municipal Income Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Royal Bank of Canada lifted its stake in AllianceBernstein National Municipal Income Fund by 0.5% during the 4th quarter. Royal Bank of Canada now owns 215,218 shares of the investment management company’s stock valued at $2,329,000 after acquiring an additional 1,070 shares in the last quarter. Bank of America Corp DE grew its position in AllianceBernstein National Municipal Income Fund by 2.1% in the 3rd quarter. Bank of America Corp DE now owns 59,833 shares of the investment management company’s stock worth $649,000 after purchasing an additional 1,234 shares in the last quarter. Wells Fargo & Company MN increased its stake in AllianceBernstein National Municipal Income Fund by 0.4% in the 4th quarter. Wells Fargo & Company MN now owns 494,690 shares of the investment management company’s stock valued at $5,353,000 after buying an additional 1,844 shares during the last quarter. ProVise Management Group LLC increased its stake in AllianceBernstein National Municipal Income Fund by 7.1% in the 3rd quarter. ProVise Management Group LLC now owns 30,125 shares of the investment management company’s stock valued at $327,000 after buying an additional 2,000 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of AllianceBernstein National Municipal Income Fund by 5.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 47,519 shares of the investment management company’s stock worth $516,000 after buying an additional 2,395 shares in 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.