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

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) saw a large growth in short interest in August. As of August 14th, there was short interest totaling 93,802 shares, a growth of 325.0% from the July 30th total of 22,072 shares. Based on an average daily volume of 96,229 shares, the short-interest ratio is presently 1.0 days.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Price Performance

NYSE:GBAB remained flat at $13.84 on Thursday. 91,273 shares of the company’s stock were exchanged, compared to its average volume of 96,628. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 52-week low of $13.51 and a 52-week high of $15.94. The stock’s fifty day simple moving average is $14.04 and its two-hundred day simple moving average is $14.38.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be paid a $0.1257 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 10.9%.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC bought a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 3rd quarter worth about $35,000. Kestra Advisory Services LLC bought a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the fourth quarter worth $90,000. Invictus Private Wealth LLC raised its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 14.9% in the 4th 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 2nd quarter valued at approximately $189,000. Finally, Integrity Wealth Partners LLC acquired a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the first quarter valued at approximately $254,000.

About Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

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.