Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB – Get Free Report) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 11,249 shares, a drop of 88.0% from the August 15th total of 93,802 shares. Based on an average daily trading volume, of 106,132 shares, the days-to-cover ratio is currently 0.1 days.
Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Price Performance
Shares of NYSE:GBAB traded down $0.03 during trading on Friday, reaching $13.45. 58,018 shares of the company’s stock traded hands, compared to its average volume of 95,737. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 12 month low of $13.42 and a 12 month high of $15.94. The company has a 50 day moving average of $13.92 and a 200-day moving average of $14.26.
Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.1257 per share. This represents a c) dividend on an annualized basis and a dividend yield of 11.2%. The ex-dividend date is Tuesday, September 15th.
Institutional Inflows and Outflows
Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Company Profile
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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