Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB – Get Free Report) was the target of a large drop in short interest in September. As of September 15th, there was short interest totalling 26,800 shares, a drop of 29.5% from the August 31st total of 38,000 shares. Based on an average trading volume of 104,900 shares, the days-to-cover ratio is currently 0.3 days.
Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Trading Down 0.1 %
Shares of NYSE:GBAB traded down $0.01 on Friday, reaching $17.49. The company had a trading volume of 124,599 shares, compared to its average volume of 76,995. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 52-week low of $14.22 and a 52-week high of $18.52. The firm’s 50 day simple moving average is $17.48 and its 200-day simple moving average is $16.58.
Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Cuts Dividend
The business also recently announced a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a $0.1257 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.51 annualized dividend and a yield of 8.63%.
Institutional Trading of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Company Profile
Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust is a closed ended fixed income mutual fund launched by Guggenheim Partners, LLC. The fund is co-managed by Guggenheim Funds Investment Advisors, LLC and Guggenheim Partners Investment Management, LLC. It invests in fixed income markets of the United States.
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