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 recipient of 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 trading volume, of 96,229 shares, the short-interest ratio is presently 1.0 days.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Stock Up 0.3%

Shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock traded up $0.04 during trading on Wednesday, reaching $13.86. 38,147 shares of the company traded hands, compared to its average volume of 96,402. 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 moving average price of $14.05 and a 200-day moving average price of $14.40.

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. Stockholders of record on Friday, August 14th will be paid a $0.1257 dividend. The ex-dividend date is Friday, August 14th. This represents a c) annualized dividend and a dividend yield of 10.9%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sit Investment Associates Inc. raised its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 11.9% during the fourth quarter. Sit Investment Associates Inc. now owns 696,506 shares of the investment management company’s stock worth $10,392,000 after purchasing an additional 74,078 shares during the period. Bank of America Corp DE lifted its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 10.0% in the first quarter. Bank of America Corp DE now owns 589,291 shares of the investment management company’s stock valued at $8,545,000 after buying an additional 53,498 shares in the last quarter. LPL Financial LLC lifted its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 7.0% in the fourth quarter. LPL Financial LLC now owns 448,415 shares of the investment management company’s stock valued at $6,690,000 after buying an additional 29,220 shares in the last quarter. Rivernorth Capital Management LLC acquired a new position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the second quarter valued at about $4,178,000. Finally, Invesco Ltd. increased its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 3.0% during the third quarter. Invesco Ltd. now owns 236,102 shares of the investment management company’s stock worth $3,678,000 after acquiring an additional 6,879 shares in 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.