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

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) was the recipient of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 42,100 shares, an increase of 16.0% from the October 31st total of 36,300 shares. Based on an average daily volume of 106,100 shares, the days-to-cover ratio is currently 0.4 days.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Trading Down 0.3 %

NYSE:GBAB traded down $0.05 during mid-day trading on Tuesday, hitting $15.94. The stock had a trading volume of 167,869 shares, compared to its average volume of 85,625. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 52 week low of $15.51 and a 52 week high of $18.52. The company has a 50 day simple moving average of $16.48 and a 200-day simple moving average of $16.70.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, December 31st. Stockholders 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

A number of hedge funds have recently made changes to their positions in the stock. Private Advisor Group LLC grew its position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 10.3% in the third quarter. Private Advisor Group LLC now owns 25,927 shares of the investment management company’s stock valued at $456,000 after acquiring an additional 2,418 shares during the period. Beam Wealth Advisors Inc. bought a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 2nd quarter valued at $218,000. Janney Montgomery Scott LLC raised its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 14.4% during the third quarter. Janney Montgomery Scott LLC now owns 79,551 shares of the investment management company’s stock worth $1,399,000 after purchasing an additional 10,035 shares during the period. Wolverine Asset Management LLC acquired a new position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the second quarter valued at approximately $208,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the first quarter worth about $252,000.

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.