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 drop in short interest in the month of January. As of January 15th, there was short interest totalling 26,300 shares, a drop of 60.9% from the December 31st total of 67,200 shares. Based on an average daily trading volume, of 144,500 shares, the short-interest ratio is currently 0.2 days.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Stock Performance

GBAB traded down $0.04 during trading hours on Wednesday, hitting $15.50. 71,822 shares of the company’s stock were exchanged, compared to its average volume of 105,879. The stock’s 50-day moving average is $15.53 and its two-hundred day moving average is $16.52. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 1-year low of $14.85 and a 1-year high of $18.52.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.1257 per share. The ex-dividend date is Wednesday, January 15th. This represents a $1.51 annualized dividend and a yield of 9.73%.

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

Several institutional investors and hedge funds have recently modified their holdings of GBAB. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 40.1% during the second quarter. B. Riley Wealth Advisors Inc. now owns 22,683 shares of the investment management company’s stock worth $361,000 after purchasing an additional 6,491 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 2nd quarter valued at about $189,000. Good Life Advisors LLC increased its position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 75.9% in the 3rd quarter. Good Life Advisors LLC now owns 18,530 shares of the investment management company’s stock valued at $326,000 after buying an additional 7,995 shares in the last quarter. Raymond James & Associates raised its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 3.4% during the third quarter. Raymond James & Associates now owns 183,112 shares of the investment management company’s stock worth $3,219,000 after purchasing an additional 5,957 shares during the period. Finally, Xcel Wealth Management LLC increased its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 6.6% during the third quarter. Xcel Wealth Management LLC now owns 71,521 shares of the investment management company’s stock worth $1,257,000 after acquiring an additional 4,450 shares in the last quarter.

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.