Short Interest in abrdn National Municipal Income Fund (NYSE:VFL) Increases By 147.3%

Key Points

• Short interest in the abrdn National Municipal Income Fund (NYSE:VFL) surged by 147.3%, increasing from 7,400 shares to 18,300 shares in July.
• The fund announced a monthly dividend of $0.05 per share, with a dividend yield of 6.3%, payable on August 29th to shareholders of record by August 22nd.
• Recent investments from large institutional investors included new positions valued at approximately $48,000 to $109,000 during the first and second quarters.

abrdn National Municipal Income Fund (NYSE:VFL - Get Free Report) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 18,300 shares, agrowthof147.3% from the July 15th total of 7,400 shares. Currently,0.2% of the shares of the company are short sold. Based on an average daily volume of 40,800 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 40,800 shares, the short-interest ratio is presently 0.4 days. Currently,0.2% of the shares of the company are short sold.

Hedge Funds Weigh In On abrdn National Municipal Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its position in shares of abrdn National Municipal Income Fund by 1.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 69,700 shares of the company's stock valued at $707,000 after buying an additional 1,165 shares in the last quarter. 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 buying an additional 1,501 shares in the last quarter. Blue Bell Private Wealth Management LLC increased its position in abrdn National Municipal Income Fund by 6.8% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 41,368 shares of the company's stock worth $419,000 after purchasing an additional 2,635 shares in the last quarter. Ackerman Capital Advisors LLC lifted its stake in abrdn National Municipal Income Fund by 31.2% in the 1st quarter. Ackerman Capital Advisors LLC now owns 18,170 shares of the company's stock valued at $184,000 after purchasing an additional 4,320 shares during the last quarter. Finally, Riverbridge Partners LLC boosted its position 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 buying an additional 4,590 shares in the last quarter.

abrdn National Municipal Income Fund Price Performance

Shares of NYSE:VFL traded up $0.0150 during midday trading on Thursday, hitting $9.5850. The stock had a trading volume of 31,586 shares, compared to its average volume of 38,704. The company's 50-day moving average price is $9.61 and its 200-day moving average price is $9.92. 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 Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 22nd will be given a $0.05 dividend. The ex-dividend date is Friday, August 22nd. This represents a c) annualized dividend and a dividend yield of 6.3%.

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.