abrdn National Municipal Income Fund (NYSE:VFL) Sees Large Drop in Short Interest

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

Institutional Trading of abrdn National Municipal Income Fund

A number of institutional investors have recently made changes to their positions in the business. Wolverine Asset Management LLC purchased a new stake in abrdn National Municipal Income Fund in the fourth quarter valued at about $30,000. Financial Gravity Asset Management Inc. acquired a new position in shares of abrdn National Municipal Income Fund during the first quarter valued at about $48,000. Landscape Capital Management L.L.C. purchased a new position in shares of abrdn National Municipal Income Fund in the 1st quarter valued at approximately $109,000. LPL Financial LLC raised its position in shares of abrdn National Municipal Income Fund by 13.1% in the 4th quarter. LPL Financial LLC now owns 12,927 shares of the company's stock valued at $131,000 after purchasing an additional 1,501 shares during the last quarter. Finally, Ackerman Capital Advisors LLC acquired a new stake in abrdn National Municipal Income Fund in the 4th quarter worth approximately $140,000.

abrdn National Municipal Income Fund Trading Down 0.6%

NYSE:VFL traded down $0.06 during midday trading on Wednesday, reaching $9.68. 43,555 shares of the stock traded hands, compared to its average volume of 34,863. abrdn National Municipal Income Fund has a 12-month low of $9.27 and a 12-month high of $11.43. The business has a 50-day moving average of $9.75 and a two-hundred day moving average of $10.16.

abrdn National Municipal Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 23rd will be issued a dividend of $0.05 per share. The ex-dividend date is Monday, June 23rd. This represents a $0.60 annualized dividend and a dividend yield of 6.20%.

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.