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

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) was the recipient of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 16,573 shares, a decrease of 56.2% from the June 15th total of 37,811 shares. Based on an average daily volume of 107,130 shares, the short-interest ratio is currently 0.2 days.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Price Performance

NYSE:GBAB traded down $0.10 during mid-day trading on Wednesday, reaching $14.08. The stock had a trading volume of 86,198 shares, compared to its average volume of 95,767. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a twelve month low of $13.51 and a twelve month high of $15.94. The business has a 50 day simple moving average of $14.12 and a 200 day simple moving average of $14.63.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be paid a dividend of $0.1257 per share. This represents a c) dividend on an annualized basis and a dividend yield of 10.7%. The ex-dividend date of this dividend is Wednesday, July 15th.

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

A number of institutional investors have recently modified their holdings of the business. Sit Investment Associates Inc. grew its holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 11.9% during the fourth quarter. Sit Investment Associates Inc. now owns 696,506 shares of the investment management company’s stock worth $10,392,000 after acquiring an additional 74,078 shares during the period. Bank of America Corp DE lifted its holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 10.0% in the first quarter. Bank of America Corp DE now owns 589,291 shares of the investment management company’s stock valued at $8,545,000 after acquiring an additional 53,498 shares during the period. LPL Financial LLC lifted its holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 7.0% in the fourth quarter. LPL Financial LLC now owns 448,415 shares of the investment management company’s stock valued at $6,690,000 after acquiring an additional 29,220 shares during the period. Invesco Ltd. boosted its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 3.0% during the 3rd quarter. Invesco Ltd. now owns 236,102 shares of the investment management company’s stock worth $3,678,000 after purchasing an additional 6,879 shares in the last quarter. Finally, Cooper Financial Group boosted its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 4.4% during the 2nd quarter. Cooper Financial Group now owns 164,368 shares of the investment management company’s stock worth $2,377,000 after purchasing an additional 6,872 shares in the last quarter.

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.