Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Short Interest Update

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 22,072 shares, a decrease of 50.8% from the July 15th total of 44,849 shares. Based on an average daily volume of 93,617 shares, the short-interest ratio is presently 0.2 days.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Trading Down 1.5%

GBAB traded down $0.21 during trading on Monday, reaching $13.87. The company had a trading volume of 80,131 shares, compared to its average volume of 95,524. The firm’s 50-day simple moving average is $14.09 and its 200 day simple moving average is $14.46. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 12-month low of $13.51 and a 12-month high of $15.94.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in GBAB. Cetera Investment Advisers raised its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 2.7% during the 1st quarter. Cetera Investment Advisers now owns 56,395 shares of the investment management company’s stock valued at $818,000 after purchasing an additional 1,487 shares in the last quarter. Invictus Private Wealth LLC lifted 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 last quarter. Commonwealth Equity Services LLC boosted its holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 4.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 48,285 shares of the investment management company’s stock worth $720,000 after purchasing an additional 1,877 shares in the last quarter. Advisory Services Network LLC bought a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the third quarter worth $35,000. Finally, Stifel Financial Corp increased its position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 5.1% during the fourth quarter. Stifel Financial Corp now owns 55,936 shares of the investment management company’s stock worth $835,000 after buying an additional 2,728 shares during the last quarter.

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.