Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Sees Significant Growth in Short Interest

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) was the target of a large growth in short interest in October. As of October 15th, there was short interest totalling 32,700 shares, a growth of 46.0% from the September 30th total of 22,400 shares. Based on an average daily volume of 90,800 shares, the days-to-cover ratio is presently 0.4 days.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Stock Performance

NYSE GBAB traded down $0.01 on Tuesday, hitting $16.44. The stock had a trading volume of 83,769 shares, compared to its average volume of 76,043. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 52-week low of $14.55 and a 52-week high of $18.52. The firm has a 50-day moving average of $17.50 and a 200-day moving average of $16.66.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.1257 per share. This represents a $1.51 annualized dividend and a dividend yield of 9.18%. The ex-dividend date of this dividend is Tuesday, October 15th.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. Commonwealth Equity Services LLC lifted its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 2.8% in the first quarter. Commonwealth Equity Services LLC now owns 33,952 shares of the investment management company’s stock worth $552,000 after purchasing an additional 930 shares during the last quarter. Whittier Trust Co. lifted its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 105.7% in the first quarter. Whittier Trust Co. now owns 119,422 shares of the investment management company’s stock worth $1,941,000 after purchasing an additional 61,352 shares during the last quarter. Benedetti & Gucer Inc. lifted its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 6.0% in the first quarter. Benedetti & Gucer Inc. now owns 14,186 shares of the investment management company’s stock worth $231,000 after purchasing an additional 800 shares during the last quarter. Private Portfolio Partners LLC lifted its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 45.1% in the first quarter. Private Portfolio Partners LLC now owns 37,716 shares of the investment management company’s stock worth $613,000 after purchasing an additional 11,721 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. bought a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the first quarter worth $252,000.

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.