AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) Sees Significant Decrease in Short Interest

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) saw a large decrease in short interest in July. As of July 15th, there was short interest totaling 64,769 shares, a decrease of 49.5% from the June 30th total of 128,260 shares. Based on an average daily trading volume, of 91,694 shares, the short-interest ratio is presently 0.7 days.

AllianceBernstein National Municipal Income Fund Price Performance

Shares of AFB stock traded down $0.02 during trading hours on Tuesday, reaching $10.89. 3,483 shares of the company’s stock were exchanged, compared to its average volume of 110,221. AllianceBernstein National Municipal Income Fund has a 1 year low of $10.08 and a 1 year high of $11.50. The stock’s fifty day moving average price is $11.21 and its two-hundred day moving average price is $11.01.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last announced its quarterly earnings data on Friday, June 26th. The investment management company reported $0.15 EPS for the quarter.

AllianceBernstein National Municipal Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, August 21st. Investors of record on Thursday, August 6th will be given a $0.0502 dividend. The ex-dividend date is Thursday, August 6th. This represents a c) dividend on an annualized basis and a yield of 5.5%.

Insider Buying and Selling

In other AllianceBernstein National Municipal Income Fund news, Director R Jay Gerken purchased 2,500 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was bought at an average cost of $10.96 per share, for a total transaction of $27,400.00. Following the completion of the purchase, the director owned 2,500 shares in the company, valued at $27,400. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Hedge Funds Weigh In On AllianceBernstein National Municipal Income Fund

A number of institutional investors have recently bought and sold shares of the business. Royal Bank of Canada lifted its stake in AllianceBernstein National Municipal Income Fund by 22.3% during the 1st quarter. Royal Bank of Canada now owns 241,426 shares of the investment management company’s stock valued at $2,622,000 after acquiring an additional 43,982 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of AllianceBernstein National Municipal Income Fund by 328.5% during the first quarter. Geneos Wealth Management Inc. now owns 7,315 shares of the investment management company’s stock worth $79,000 after purchasing an additional 5,608 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of AllianceBernstein National Municipal Income Fund during the second quarter worth $119,000. Captrust Financial Advisors acquired a new position in AllianceBernstein National Municipal Income Fund during the second quarter valued at $103,000. Finally, Nomura Holdings Inc. acquired a new position in AllianceBernstein National Municipal Income Fund during the second quarter valued at $103,000.

AllianceBernstein National Municipal Income Fund Company Profile

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.