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 large drop in short interest in the month of August. As of August 31st, there was short interest totaling 11,249 shares, a drop of 88.0% from the August 15th total of 93,802 shares. Based on an average daily trading volume, of 106,132 shares, the days-to-cover ratio is presently 0.1 days.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Stock Down 0.6%

Shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock traded down $0.08 during trading on Thursday, reaching $13.50. The company’s stock had a trading volume of 120,140 shares, compared to its average volume of 95,973. The business has a 50 day moving average price of $13.92 and a 200-day moving average price of $14.26. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 12-month low of $13.47 and a 12-month high of $15.94.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.1257 per share. This represents a c) annualized dividend and a dividend yield of 11.2%. The ex-dividend date is Tuesday, September 15th.

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

A number of large investors have recently made changes to their positions in the stock. Advisory Services Network LLC acquired a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the third quarter valued at about $35,000. Kestra Advisory Services LLC purchased a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the fourth quarter worth about $90,000. Invictus Private Wealth LLC boosted its holdings 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 buying an additional 1,624 shares in the last quarter. Jane Street Group LLC acquired a new position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the second quarter worth about $189,000. Finally, Integrity Wealth Partners LLC acquired a new position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the first quarter worth about $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.