AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB – Get Free Report) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 85,936 shares, a growth of 78.5% from the August 15th total of 48,156 shares. Based on an average daily trading volume, of 56,224 shares, the short-interest ratio is presently 1.5 days.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Noble Wealth Management PBC increased its position in AllianceBernstein National Municipal Income Fund by 5.9% in the 2nd quarter. Noble Wealth Management PBC now owns 68,341 shares of the investment management company’s stock valued at $780,000 after acquiring an additional 3,796 shares during the period. Arete Wealth Advisors LLC grew its stake in shares of AllianceBernstein National Municipal Income Fund by 80.6% in the first quarter. Arete Wealth Advisors LLC now owns 34,137 shares of the investment management company’s stock worth $363,000 after purchasing an additional 15,235 shares during the last quarter. Bank of America Corp DE increased its holdings in AllianceBernstein National Municipal Income Fund by 18.0% in the first quarter. Bank of America Corp DE now owns 66,506 shares of the investment management company’s stock valued at $711,000 after purchasing an additional 10,126 shares during the period. Rivernorth Capital Management LLC raised its position in AllianceBernstein National Municipal Income Fund by 2.1% during the 1st quarter. Rivernorth Capital Management LLC now owns 1,061,484 shares of the investment management company’s stock worth $11,347,000 after purchasing an additional 21,639 shares during the last quarter. Finally, Petra Financial Advisors Inc. bought a new position in AllianceBernstein National Municipal Income Fund during the 1st quarter worth $570,000.
AllianceBernstein National Municipal Income Fund Trading Down 0.2%
Shares of NYSE AFB traded down $0.03 during mid-day trading on Wednesday, hitting $10.11. 59,004 shares of the stock traded hands, compared to its average volume of 101,721. AllianceBernstein National Municipal Income Fund has a twelve month low of $10.04 and a twelve month high of $11.50. The firm has a 50 day simple moving average of $10.89 and a two-hundred day simple moving average of $10.97.
AllianceBernstein National Municipal Income Fund Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Friday, September 18th. Stockholders of record on Thursday, September 3rd will be paid a $0.0502 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a c) annualized dividend and a dividend yield of 6.0%.
About AllianceBernstein National Municipal Income Fund
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.
Recommended Stories
- Five stocks we like better than AllianceBernstein National Municipal Income Fund
- 3 Luxury Consumer Brands to Watch in a Beaten-Down Sector
- Jackson’s Record Quarter Powers the Bull Case
- Holiday Shopping Is Almost Here—And Target May Be Ready to Win Big
- AI Panic Hit Tech Stocks—But NVIDIA’s Growth Engine Is Intact
Receive News & Ratings for AllianceBernstein National Municipal Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AllianceBernstein National Municipal Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.
