abrdn National Municipal Income Fund (NYSE:VFL) Short Interest Down 38.9% in September

Key Points

• abrdn National Municipal Income Fund (NYSE:VFL) experienced a 38.9% decrease in short interest during September, with total shares short falling to 11,800.
• The fund declared a monthly dividend of $0.05 per share, which will be paid on October 31st, representing an annual yield of 5.8%.
• Shares of VFL maintained a stable price of $10.39, with a reported 52-week range between $9.27 and $10.96.

abrdn National Municipal Income Fund (NYSE:VFL - ) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 11,800 shares, a drop of 38.9% from the September 15th total of 19,300 shares. Based on an average daily trading volume, of 40,600 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 40,600 shares, the days-to-cover ratio is currently 0.3 days.

abrdn National Municipal Income Fund Stock Performance

VFL stock remained flat at $10.39 during midday trading on Wednesday. 50,638 shares of the company traded hands, compared to its average volume of 37,448. The company's fifty day moving average is $10.03 and its two-hundred day moving average is $9.80. abrdn National Municipal Income Fund has a 52 week low of $9.27 and a 52 week high of $10.96.

abrdn National Municipal Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 24th will be given a dividend of $0.05 per share. This represents a c) annualized dividend and a yield of 5.8%. The ex-dividend date is Friday, October 24th.

Institutional Trading of abrdn National Municipal Income Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Financial Gravity Companies Inc. acquired a new stake in abrdn National Municipal Income Fund during the second quarter valued at $46,000. Financial Gravity Asset Management Inc. acquired a new stake in abrdn National Municipal Income Fund during the first quarter valued at $48,000. Raymond James Financial Inc. purchased a new position in abrdn National Municipal Income Fund during the second quarter valued at $69,000. Wolverine Asset Management LLC purchased a new position in abrdn National Municipal Income Fund during the second quarter valued at $77,000. Finally, Landscape Capital Management L.L.C. purchased a new position in abrdn National Municipal Income Fund during the first quarter valued at $109,000.

abrdn National Municipal Income Fund Company Profile

abrdn National Municipal Income Fund is a closed-ended fixed income mutual fund launched and managed by abrdn Inc It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal obligations, the income from which is exempt from federal income taxes.

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