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 - Get Free Report) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 12,700 shares, a growth of 41.1% from the August 15th total of 9,000 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 44,400 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 44,400 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

abrdn National Municipal Income Fund Price Performance

Shares of VFL stock traded down $0.03 during trading hours on Friday, hitting $10.33. The stock had a trading volume of 20,040 shares, compared to its average volume of 38,694. The stock's 50 day moving average is $9.71 and its 200 day moving average is $9.81. abrdn National Municipal Income Fund has a twelve month low of $9.27 and a twelve month high of $11.37.

abrdn National Municipal Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 23rd will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, September 23rd. This represents a c) annualized dividend and a dividend yield of 5.8%.

Institutional Investors Weigh In On abrdn National Municipal Income Fund

Hedge funds have recently modified their holdings of the stock. Wolverine Asset Management LLC acquired a new stake in shares of abrdn National Municipal Income Fund during the second quarter worth $77,000. Whipplewood Advisors LLC lifted its holdings in shares of abrdn National Municipal Income Fund by 28,709.5% during the second quarter. Whipplewood Advisors LLC now owns 24,200 shares of the company's stock worth $234,000 after purchasing an additional 24,116 shares during the period. Realta Investment Advisors raised its position in abrdn National Municipal Income Fund by 58.5% in the second quarter. Realta Investment Advisors now owns 95,192 shares of the company's stock worth $920,000 after acquiring an additional 35,119 shares in the last quarter. Riverbridge Partners LLC lifted its holdings in abrdn National Municipal Income Fund by 4.0% in the second quarter. Riverbridge Partners LLC now owns 117,947 shares of the company's stock valued at $1,139,000 after acquiring an additional 4,590 shares during the period. Finally, Sightline Wealth Advisors LLC acquired a new stake in abrdn National Municipal Income Fund in the second quarter valued at $313,000.

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.