Short Interest in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Decreases By 14.9%

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) was the recipient of a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 42,700 shares, a drop of 14.9% from the March 31st total of 50,200 shares. Based on an average daily volume of 98,100 shares, the days-to-cover ratio is currently 0.4 days.

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

A number of institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. bought a new position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 4th quarter worth $3,625,000. LPL Financial LLC increased its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 204.3% in the 4th quarter. LPL Financial LLC now owns 237,247 shares of the investment management company’s stock valued at $3,606,000 after buying an additional 159,279 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 13.0% in the fourth quarter. Bank of America Corp DE now owns 234,854 shares of the investment management company’s stock worth $3,570,000 after acquiring an additional 27,036 shares in the last quarter. Invesco Ltd. raised its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 14.5% during the fourth quarter. Invesco Ltd. now owns 194,767 shares of the investment management company’s stock worth $2,960,000 after purchasing an additional 24,610 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 537.9% during the 4th quarter. Wells Fargo & Company MN now owns 184,771 shares of the investment management company’s stock valued at $2,809,000 after purchasing an additional 155,807 shares in the last quarter.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Stock Performance

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock opened at $15.27 on Friday. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 1 year low of $14.35 and a 1 year high of $18.53. The company’s 50-day moving average is $15.33 and its two-hundred day moving average is $15.61.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be issued a $0.1257 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.51 annualized dividend and a yield of 9.88%.

About Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust is a closed ended fixed income mutual fund launched by Guggenheim Partners, LLC. The fund is co-managed by Guggenheim Funds Investment Advisors, LLC and Guggenheim Partners Investment Management, LLC. It invests in fixed income markets of the United States.