abrdn National Municipal Income Fund (NYSE:VFL) Short Interest Down 49.2% in May

abrdn National Municipal Income Fund (NYSE:VFL - Get Free Report) was the target of a significant drop in short interest in May. As of May 31st, there was short interest totalling 12,700 shares, a drop of 49.2% from the May 15th total of 25,000 shares. Based on an average trading volume of 39,100 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company's stock are sold short.

abrdn National Municipal Income Fund Price Performance

NYSE VFL traded down $0.02 during trading on Friday, hitting $9.72. The company's stock had a trading volume of 37,447 shares, compared to its average volume of 34,999. The business's 50 day simple moving average is $9.74 and its 200-day simple moving average is $10.18. abrdn National Municipal Income Fund has a fifty-two week low of $9.27 and a fifty-two week high of $11.43.

abrdn National Municipal Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 23rd will be issued a $0.05 dividend. This represents a $0.60 annualized dividend and a yield of 6.17%. The ex-dividend date of this dividend is Monday, June 23rd.

Institutional Investors Weigh In On abrdn National Municipal Income Fund

Several institutional investors have recently added to or reduced their stakes in VFL. Noble Wealth Management PBC acquired a new stake in abrdn National Municipal Income Fund in the fourth quarter worth about $1,151,000. Riverbridge Partners LLC boosted its holdings in abrdn National Municipal Income Fund by 273.5% in the first quarter. Riverbridge Partners LLC now owns 113,357 shares of the company's stock worth $1,149,000 after acquiring an additional 83,011 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in abrdn National Municipal Income Fund in the fourth quarter worth about $463,000. Guggenheim Capital LLC boosted its holdings in abrdn National Municipal Income Fund by 12.2% in the fourth quarter. Guggenheim Capital LLC now owns 290,785 shares of the company's stock worth $2,946,000 after acquiring an additional 31,722 shares in the last quarter. Finally, Thomas J. Herzfeld Advisors Inc. acquired a new stake in shares of abrdn National Municipal Income Fund during the fourth quarter worth about $254,000.

About abrdn National Municipal Income Fund

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.