Shares of Guggenheim Credit Allocation Fund (NYSE:GGM) traded down 0.5% during mid-day trading on Tuesday . The company traded as low as $20.00 and last traded at $20.05, 24,099 shares traded hands during mid-day trading. A decline of 20% from the average session volume of 30,084 shares. The stock had previously closed at $20.15.
The business’s fifty day moving average price is $20.21 and its 200 day moving average price is $20.38.
The firm also recently announced a monthly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a dividend of $0.181 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $2.17 annualized dividend and a dividend yield of 10.81%.
About Guggenheim Credit Allocation Fund (NYSE:GGM)
Guggenheim Credit Allocation Fund is a closed ended fixed income mutual fund launched and managed by Guggenheim Partners Investment Management, LLC. It invests in fixed income markets of the United States. The fund invests in credit securities that include debt securities and loans and investments with economic characteristics similar to fixed-income securities, debt securities and loans.
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