Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Sees Significant Increase in Short Interest

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 21,900 shares, a growth of 26.6% from the March 31st total of 17,300 shares. Based on an average trading volume of 63,300 shares, the short-interest ratio is presently 0.3 days.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Price Performance

NYSE:GBAB traded up $0.02 on Tuesday, reaching $15.65. The company’s stock had a trading volume of 13,598 shares, compared to its average volume of 64,005. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 12-month low of $14.22 and a 12-month high of $17.29. The stock has a 50 day moving average price of $16.23 and a 200 day moving average price of $16.04.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be given a $0.126 dividend. This is a positive change from Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust’s previous monthly dividend of $0.13. The ex-dividend date of this dividend is Friday, April 12th. This represents a $1.51 dividend on an annualized basis and a yield of 9.66%.

Institutional Investors Weigh In On Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

Several institutional investors and hedge funds have recently modified their holdings of the company. Cambridge Trust Co. purchased a new position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 3rd quarter valued at about $39,000. Spire Wealth Management raised its position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 105.8% in the 1st quarter. Spire Wealth Management now owns 3,890 shares of the investment management company’s stock valued at $63,000 after purchasing an additional 2,000 shares during the last quarter. NBC Securities Inc. acquired a new position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 3rd quarter valued at about $136,000. Significant Wealth Partners LLC purchased a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the fourth quarter worth approximately $251,000. Finally, CoreCap Advisors LLC lifted its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 14.8% in the 4th quarter. CoreCap Advisors LLC now owns 15,515 shares of the investment management company’s stock worth $251,000 after acquiring an additional 2,000 shares during the period.

About Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

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.