abrdn National Municipal Income Fund (NYSE:VFL) Short Interest Update

Key Points

• Short interest in abrdn National Municipal Income Fund has risen significantly, increasing by 41.1% from August 15 to August 31, totaling 12,700 shares.
• The fund has announced a monthly dividend of $0.05 per share, with an ex-dividend date of September 23 and a dividend yield of 5.8%.
• Hedge funds have shown considerable interest in the fund, with some increasing their positions by over 273.5% in recent quarters.

abrdn National Municipal Income Fund (NYSE:VFL - ) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 12,700 shares, an increase of 41.1% from the August 15th total of 9,000 shares. Based on an average daily volume of 44,400 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company's stock are short sold. Currently, 0.1% of the company's stock are short sold. Based on an average daily volume of 44,400 shares, the days-to-cover ratio is currently 0.3 days.

abrdn National Municipal Income Fund Stock Up 0.6%

VFL stock traded up $0.06 during midday trading on Tuesday, reaching $10.36. 26,415 shares of the company were exchanged, compared to its average volume of 38,808. abrdn National Municipal Income Fund has a 1-year low of $9.27 and a 1-year high of $11.42. The stock's 50-day simple moving average is $9.67 and its 200 day simple moving average is $9.81.

abrdn National Municipal Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 23rd will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, September 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%.

Hedge Funds Weigh In On abrdn National Municipal Income Fund

A number of hedge funds have recently modified their holdings of VFL. Riverbridge Partners LLC grew its position in shares of abrdn National Municipal Income Fund by 273.5% during 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 during the last quarter. Guggenheim Capital LLC grew its position in abrdn National Municipal Income Fund by 37.3% in the 2nd quarter. Guggenheim Capital LLC now owns 242,126 shares of the company's stock valued at $2,339,000 after buying an additional 65,835 shares during the last quarter. Realta Investment Advisors grew its position in abrdn National Municipal Income Fund by 58.5% in the 2nd quarter. Realta Investment Advisors now owns 95,192 shares of the company's stock valued at $920,000 after buying an additional 35,119 shares during the last quarter. Sightline Wealth Advisors LLC purchased a new position in abrdn National Municipal Income Fund in the 2nd quarter valued at $313,000. Finally, Whipplewood Advisors LLC grew its position in abrdn National Municipal Income Fund by 28,709.5% in the 2nd quarter. Whipplewood Advisors LLC now owns 24,200 shares of the company's stock valued at $234,000 after buying an additional 24,116 shares during the last quarter.

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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