Short Interest in AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) Expands By 158.3%

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) was the target of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 24,800 shares, a growth of 158.3% from the October 31st total of 9,600 shares. Based on an average trading volume of 62,800 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of AllianceBernstein National Municipal Income Fund

Hedge funds have recently bought and sold shares of the stock. City of London Investment Management Co. Ltd. purchased a new stake in shares of AllianceBernstein National Municipal Income Fund in the second quarter worth $2,488,000. Rivernorth Capital Management LLC increased its stake in AllianceBernstein National Municipal Income Fund by 14.9% in the 3rd quarter. Rivernorth Capital Management LLC now owns 1,102,639 shares of the investment management company’s stock worth $13,011,000 after buying an additional 142,639 shares in the last quarter. Almitas Capital LLC raised its holdings in AllianceBernstein National Municipal Income Fund by 265.1% during the second quarter. Almitas Capital LLC now owns 149,896 shares of the investment management company’s stock valued at $1,665,000 after acquiring an additional 108,842 shares during the period. Whitebox Advisors LLC bought a new stake in AllianceBernstein National Municipal Income Fund during the second quarter valued at about $1,189,000. Finally, Pathstone Holdings LLC lifted its position in shares of AllianceBernstein National Municipal Income Fund by 5.0% in the third quarter. Pathstone Holdings LLC now owns 2,032,729 shares of the investment management company’s stock valued at $23,988,000 after acquiring an additional 96,119 shares in the last quarter.

AllianceBernstein National Municipal Income Fund Stock Performance

Shares of AllianceBernstein National Municipal Income Fund stock opened at $11.49 on Friday. AllianceBernstein National Municipal Income Fund has a twelve month low of $10.33 and a twelve month high of $11.95. The company’s 50 day moving average is $11.46 and its 200 day moving average is $11.29.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last issued its quarterly earnings data on Friday, September 27th. The investment management company reported $0.11 EPS for the quarter.

AllianceBernstein National Municipal Income Fund Announces Dividend

The business also recently announced a dividend, which will be paid on Friday, December 20th. Investors of record on Thursday, December 5th will be issued a $0.0396 dividend. The ex-dividend date is Thursday, December 5th.

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.