Short Interest in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Rises By 170.6%

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 44,849 shares, a growth of 170.6% from the June 30th total of 16,573 shares. Based on an average daily volume of 65,104 shares, the short-interest ratio is currently 0.7 days.

Hedge Funds Weigh In On Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in GBAB. Sit Investment Associates Inc. increased its position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 11.9% in the 4th quarter. Sit Investment Associates Inc. now owns 696,506 shares of the investment management company’s stock valued at $10,392,000 after acquiring an additional 74,078 shares during the period. Bison Wealth LLC lifted its position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 8.1% during the 4th quarter. Bison Wealth LLC now owns 56,612 shares of the investment management company’s stock worth $861,000 after acquiring an additional 4,237 shares during the period. Jane Street Group LLC acquired a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 2nd quarter worth approximately $189,000. Invictus Private Wealth LLC grew 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. Finally, Advisory Services Network LLC purchased a new position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 3rd quarter valued at approximately $35,000.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Trading Down 0.2%

NYSE:GBAB traded down $0.02 during mid-day trading on Monday, reaching $13.77. 67,236 shares of the stock were exchanged, compared to its average volume of 95,223. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 1 year low of $13.51 and a 1 year high of $15.94. The company has a 50 day simple moving average of $14.09 and a 200-day simple moving average of $14.58.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Dividend Announcement

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 issued a $0.1257 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 11.0%. The ex-dividend date of this dividend is Wednesday, July 15th.

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.