AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) Stock Short Interest Report for October

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) was the recipient of a large growth in short interest in October. As of October 30th, there was short interest totaling 57,335 shares, a growth of 1,144.5% from the October 15th total of 4,607 shares. Based on an average daily trading volume, of 190,632 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of AllianceBernstein National Municipal Income Fund

Institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its stake in shares of AllianceBernstein National Municipal Income Fund by 2.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,464,577 shares of the investment management company’s stock worth $15,656,000 after acquiring an additional 31,831 shares during the last quarter. Rivernorth Capital Management LLC grew its position in AllianceBernstein National Municipal Income Fund by 2.1% in the 1st quarter. Rivernorth Capital Management LLC now owns 1,061,484 shares of the investment management company’s stock valued at $11,347,000 after acquiring an additional 21,639 shares during the last quarter. Commonwealth Equity Services LLC grew its position in AllianceBernstein National Municipal Income Fund by 1.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 196,622 shares of the investment management company’s stock valued at $1,874,000 after acquiring an additional 3,504 shares during the last quarter. Bank of New York Mellon Corp increased its stake in AllianceBernstein National Municipal Income Fund by 4.4% in the first quarter. Bank of New York Mellon Corp now owns 147,061 shares of the investment management company’s stock worth $1,572,000 after purchasing an additional 6,189 shares during the period. Finally, Kestra Advisory Services LLC purchased a new stake in AllianceBernstein National Municipal Income Fund in the third quarter worth $1,101,000.

AllianceBernstein National Municipal Income Fund Trading Down 0.1%

AFB traded down $0.01 on Wednesday, hitting $10.39. The company had a trading volume of 23,232 shares, compared to its average volume of 114,095. AllianceBernstein National Municipal Income Fund has a 12-month low of $9.28 and a 12-month high of $11.50. The business’s fifty day simple moving average is $10.01 and its 200 day simple moving average is $10.76.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last announced its earnings results on Friday, September 25th. The investment management company reported $0.16 EPS for the quarter.

AllianceBernstein National Municipal Income Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 20th. Investors of record on Thursday, November 5th will be given a $0.0670 dividend. This is an increase from AllianceBernstein National Municipal Income Fund’s previous monthly dividend of $0.0502. The ex-dividend date of this dividend is Thursday, November 5th. This represents a $0.80 dividend on an annualized basis and a yield of 7.7%.

About AllianceBernstein National Municipal Income Fund

AllianceBernstein National Municipal Income Fund, Inc. is a closed-end investment company listed on the New York Stock Exchange under the symbol AFB. The fund seeks to provide current income that is exempt from regular federal income tax by investing primarily in municipal debt securities issued by states, municipalities, and other public entities in the United States. The fund’s portfolio may include general obligation bonds, revenue bonds, and other municipal obligations financing public infrastructure and services such as education, transportation, utilities, and health care.