Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Short Interest Down 11.4% in November

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) was the target of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 37,300 shares, a decline of 11.4% from the November 15th total of 42,100 shares. Based on an average daily volume of 122,800 shares, the days-to-cover ratio is presently 0.3 days.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Price Performance

GBAB traded down $0.10 during midday trading on Tuesday, hitting $15.40. 161,341 shares of the company were exchanged, compared to its average volume of 89,677. The company’s 50 day simple moving average is $16.20 and its 200 day simple moving average is $16.68. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 1-year low of $15.32 and a 1-year high of $18.52.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Cuts Dividend

The business also recently announced a dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a dividend of $0.1257 per share. The ex-dividend date is Friday, December 13th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Fairscale Capital LLC purchased a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 2nd quarter worth about $34,000. Sanctuary Advisors LLC acquired a new position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 2nd quarter worth about $189,000. Wolverine Asset Management LLC purchased a new position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the second quarter worth approximately $208,000. Beam Wealth Advisors Inc. acquired a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the second quarter valued at approximately $218,000. Finally, Virtu Financial LLC purchased a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the third quarter valued at approximately $240,000.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Company Profile

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.