GBAB Stock Summary and Trading Ideas (Guggenheim Taxable Muni Managed Duration Trust | NYSE:GBAB)

Guggenheim Build America Bonds Managed Duration Trust (the “Trust”) is a diversified, closed-end management investment company. The Trust’s primary investment objective is to provide current income with a secondary objective of long-term capital appreciation. The Trust seeks to achieve its investment objectives by investing primarily in a diversified portfolio of taxable municipal securities known as “Build America Bonds” (or “BABs”). Under normal market conditions: The Trust will invest at least 80% of its Managed Assets in BABs. The Trust may invest up to 20% of its Managed Assets in securities other than BABs, including taxable municipal securities that do not qualify for federal subsidy payments under the American Reinvestment and Recovery Act, municipal securities the interest income from which is exempt from regular federal income tax (sometimes referred to as “tax-exempt municipal securities”), asset-backed securities (“ABS”), senior loans and other income producing securities. The Trust will not invest more than 25% of its Managed Assets in municipal securities in any one state of origin. The Trust will not invest more than 15% of its Managed Assets in municipal securities that, at the time of investment, are illiquid.

Guggenheim Taxable Muni Managed Duration Trust trades on the NYSE stock market under the symbol GBAB.

As of April 19, 2024, GBAB stock price declined to $15.68 with 18,434 million shares trading.

GBAB has a beta of 0.55, meaning it tends to be less sensitive to market movements. GBAB has a correlation of 0.14 to the broad based SPY ETF.

GBAB has a market cap of $368.63 million. This is considered a Small Cap stock.

In the last 3 years, GBAB stock traded as high as $25.34 and as low as $14.22.

GBAB has underperformed the market in the last year with a return of +3.9%, while the SPY ETF gained +21.2%. In the last 3 month period, GBAB fell short of the market, returning -0.7%, while SPY returned +4.3%. However, in the most recent 2 weeks GBAB has outperformed the stock market by returning -3.2%, while SPY returned -3.5%.

GBAB support price is $15.59 and resistance is $15.93 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GBAB stock will trade within this expected range on the day.