Short Interest in AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) Grows By 20.5%

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) was the recipient of a large increase in short interest in February. As of February 13th, there was short interest totaling 22,973 shares, an increase of 20.5% from the January 29th total of 19,071 shares. Based on an average trading volume of 136,084 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 136,084 shares, the days-to-cover ratio is presently 0.2 days.

AllianceBernstein National Municipal Income Fund Stock Down 1.4%

Shares of AFB traded down $0.15 during trading hours on Thursday, reaching $10.89. 134,320 shares of the stock traded hands, compared to its average volume of 121,215. The stock has a fifty day simple moving average of $10.95 and a 200 day simple moving average of $10.83. AllianceBernstein National Municipal Income Fund has a 52 week low of $9.78 and a 52 week high of $11.22.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last posted its quarterly earnings data on Friday, December 26th. The investment management company reported $0.13 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, March 20th. Investors of record on Thursday, March 5th will be issued a dividend of $0.0502 per share. This represents a c) dividend on an annualized basis and a yield of 5.5%. This is an increase from AllianceBernstein National Municipal Income Fund’s previous monthly dividend of $0.05. The ex-dividend date is Thursday, March 5th.

Institutional Investors Weigh In On AllianceBernstein National Municipal Income Fund

Several large investors have recently made changes to their positions in AFB. Elyxium Wealth LLC purchased a new position in shares of AllianceBernstein National Municipal Income Fund in the 4th quarter worth about $43,000. Global Retirement Partners LLC raised its holdings in AllianceBernstein National Municipal Income Fund by 367.0% during the 4th quarter. Global Retirement Partners LLC now owns 4,670 shares of the investment management company’s stock valued at $51,000 after acquiring an additional 3,670 shares during the period. PNC Financial Services Group Inc. purchased a new stake in shares of AllianceBernstein National Municipal Income Fund during the third quarter worth $65,000. Allworth Financial LP bought a new position in shares of AllianceBernstein National Municipal Income Fund in the second quarter worth $72,000. Finally, Geneos Wealth Management Inc. grew its position in shares of AllianceBernstein National Municipal Income Fund by 328.5% in the first quarter. Geneos Wealth Management Inc. now owns 7,315 shares of the investment management company’s stock valued at $79,000 after purchasing an additional 5,608 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.