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

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) was the recipient of a large decline in short interest in January. As of January 15th, there was short interest totalling 26,300 shares, a decline of 60.9% from the December 31st total of 67,200 shares. Based on an average daily volume of 144,500 shares, the short-interest ratio is currently 0.2 days.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Stock Performance

Shares of NYSE:GBAB traded down $0.04 on Wednesday, hitting $15.50. The company’s stock had a trading volume of 71,822 shares, compared to its average volume of 105,879. The company has a 50-day simple moving average of $15.53 and a 200 day simple moving average of $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 announced 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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sanctuary Advisors LLC purchased a new position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the second quarter worth approximately $189,000. Virtu Financial LLC purchased a new position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 3rd quarter worth $240,000. International Assets Investment Management LLC lifted its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 1,658.0% in the third quarter. International Assets Investment Management LLC now owns 17,580 shares of the investment management company’s stock worth $3,090,000 after purchasing an additional 16,580 shares during the last quarter. Good Life Advisors LLC grew its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 75.9% during the third 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 during the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 40.1% in the second quarter. B. Riley Wealth Advisors Inc. now owns 22,683 shares of the investment management company’s stock worth $361,000 after buying an additional 6,491 shares during the period.

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.