Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB – Get Free Report) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 93,802 shares, a growth of 325.0% from the July 30th total of 22,072 shares. Based on an average daily trading volume, of 96,229 shares, the short-interest ratio is presently 1.0 days.
Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Trading Up 0.3%
Shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock traded up $0.04 during trading on Wednesday, reaching $13.86. The company’s stock had a trading volume of 38,147 shares, compared to its average volume of 96,402. The business’s 50-day moving average price is $14.05 and its 200-day moving average price is $14.40. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 52 week low of $13.51 and a 52 week high of $15.94.
Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be given a dividend of $0.1257 per share. This represents a c) dividend on an annualized basis and a dividend yield of 10.9%. The ex-dividend date is Friday, August 14th.
Institutional Investors 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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