AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) Short Interest Up 22.5% in March

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) saw a large 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 days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On AllianceBernstein National Municipal Income Fund

Several large investors have recently made changes to their positions in the business. HighTower Advisors LLC increased its position in AllianceBernstein National Municipal Income Fund by 10.4% in the 3rd quarter. HighTower Advisors LLC now owns 46,256 shares of the investment management company’s stock worth $548,000 after buying an additional 4,346 shares during the period. Rivernorth Capital Management LLC raised its stake in AllianceBernstein National Municipal Income Fund by 14.9% during the 3rd quarter. Rivernorth Capital Management LLC now owns 1,102,639 shares of the investment management company’s stock valued at $13,011,000 after purchasing an additional 142,639 shares during the last quarter. Stifel Financial Corp boosted its holdings in AllianceBernstein National Municipal Income Fund by 4.3% in the 3rd quarter. Stifel Financial Corp now owns 35,722 shares of the investment management company’s stock valued at $422,000 after purchasing an additional 1,460 shares during the period. Whitebox Advisors LLC grew its position in AllianceBernstein National Municipal Income Fund by 6.5% in the 3rd quarter. Whitebox Advisors LLC now owns 113,955 shares of the investment management company’s stock worth $1,345,000 after purchasing an additional 6,905 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of AllianceBernstein National Municipal Income Fund during the 3rd quarter worth about $181,000.

AllianceBernstein National Municipal Income Fund Stock Up 0.8 %

Shares of AFB stock traded up $0.09 during trading on Thursday, reaching $10.95. The company had a trading volume of 69,482 shares, compared to its average volume of 65,405. The firm’s 50 day simple moving average is $11.05 and its two-hundred day simple moving average is $11.21. AllianceBernstein National Municipal Income Fund has a one year low of $10.33 and a one year high of $11.95.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last released its quarterly earnings results on Friday, March 28th. The investment management company reported $0.12 EPS for the quarter.

AllianceBernstein National Municipal Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, April 25th. Stockholders of record on Thursday, April 3rd will be given a $0.0396 dividend. This represents a $0.48 annualized dividend and a dividend yield of 4.34%. The ex-dividend date is Thursday, April 3rd.

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.