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

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) saw a large growth in short interest in 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 days-to-cover ratio is presently 0.4 days.

AllianceBernstein National Municipal Income Fund Stock Up 1.3 %

Shares of NYSE:AFB opened at $11.44 on Thursday. AllianceBernstein National Municipal Income Fund has a 1-year low of $10.18 and a 1-year high of $11.95. The firm’s 50 day simple moving average is $11.47 and its two-hundred day simple moving average is $11.29.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last released its earnings results on Friday, September 27th. The investment management company reported $0.11 earnings per share for the quarter.

AllianceBernstein National Municipal Income Fund Dividend Announcement

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

Institutional Trading of AllianceBernstein National Municipal Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in AFB. Pathstone Holdings LLC raised its position in shares of AllianceBernstein National Municipal Income Fund by 5.0% during 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 buying an additional 96,119 shares during the last quarter. Rivernorth Capital Management LLC increased its holdings 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 valued at $13,011,000 after acquiring an additional 142,639 shares during the last quarter. Private Wealth Strategies L.L.C. lifted its stake in AllianceBernstein National Municipal Income Fund by 0.5% in the 2nd quarter. Private Wealth Strategies L.L.C. now owns 767,959 shares of the investment management company’s stock worth $8,532,000 after purchasing an additional 3,853 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of AllianceBernstein National Municipal Income Fund by 15.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 456,237 shares of the investment management company’s stock valued at $5,384,000 after purchasing an additional 62,304 shares during the last quarter. Finally, City of London Investment Management Co. Ltd. bought a new stake in shares of AllianceBernstein National Municipal Income Fund in the second quarter worth about $2,488,000.

About AllianceBernstein National Municipal Income Fund

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.