Short Interest in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Drops By 50.8%

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) saw a large 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 days-to-cover ratio is currently 0.2 days.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Price Performance

NYSE GBAB traded down $0.05 during mid-day trading on Tuesday, reaching $13.87. 25,464 shares of the stock were exchanged, compared to its average volume of 95,040. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a one year low of $13.51 and a one year high of $15.94. The stock has a 50 day simple moving average of $14.09 and a 200-day simple moving average of $14.45.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Announces Dividend

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

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

Several institutional investors and hedge funds have recently made changes to their positions in the business. Advisory Services Network LLC acquired a new position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the third quarter valued at approximately $35,000. Kestra Advisory Services LLC acquired a new position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 4th quarter valued at $90,000. Invictus Private Wealth LLC boosted its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 14.9% during the fourth quarter. Invictus Private Wealth LLC now owns 12,506 shares of the investment management company’s stock worth $187,000 after acquiring an additional 1,624 shares in the last quarter. Jane Street Group LLC bought a new position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the second quarter worth $189,000. Finally, Integrity Wealth Partners LLC acquired a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the first quarter worth $254,000.

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.