Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB – Get Free Report) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 22,072 shares, a drop of 50.8% from the July 15th total of 44,849 shares. Based on an average daily trading volume, of 93,617 shares, the short-interest ratio is presently 0.2 days.
Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Stock Down 0.6%
Shares of NYSE GBAB traded down $0.09 during midday trading on Friday, reaching $14.11. The company’s stock had a trading volume of 71,432 shares, compared to its average volume of 95,623. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a fifty-two week low of $13.51 and a fifty-two week high of $15.94. The business’s 50 day moving average price is $14.09 and its two-hundred day moving average price is $14.46.
Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be paid a $0.1257 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a c) annualized dividend and a yield of 10.7%.
Hedge Funds Weigh In On Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
About Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE: GBAB) is a closed-end management investment company organized as a statutory trust. The trust’s shares trade on the New York Stock Exchange, offering investors access to a diversified portfolio of taxable municipal securities and high-quality corporate debt instruments. As an externally managed vehicle, GBAB provides market participants with a convenient way to seek income and potential capital appreciation through a single exchange-listed security.
The fund’s primary investment strategy focuses on taxable municipal bonds issued by state and local governments across the United States.
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