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

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 11,249 shares, a drop of 88.0% from the August 15th total of 93,802 shares. Based on an average daily volume of 106,132 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

Several hedge funds have recently made changes to their positions in GBAB. Advisory Services Network LLC purchased a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the third quarter valued at about $35,000. Kestra Advisory Services LLC purchased a new position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the fourth quarter worth about $90,000. Invictus Private Wealth LLC lifted its position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 14.9% in the fourth quarter. Invictus Private Wealth LLC now owns 12,506 shares of the investment management company’s stock valued at $187,000 after purchasing an additional 1,624 shares during the period. Jane Street Group LLC acquired a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the second quarter valued at about $189,000. Finally, Integrity Wealth Partners LLC acquired a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the first quarter valued at about $254,000.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Trading Down 0.6%

Shares of NYSE:GBAB traded down $0.08 during trading on Thursday, reaching $13.50. The company had a trading volume of 120,140 shares, compared to its average volume of 95,973. The stock’s fifty day moving average price is $13.92 and its 200 day moving average price is $14.26. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a fifty-two week low of $13.47 and a fifty-two week high of $15.94.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $0.1257 dividend. This represents a c) annualized dividend and a yield of 11.2%. The ex-dividend date of this dividend is Tuesday, September 15th.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Company Profile

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.