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 target of a large increase in short interest during 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 short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

Hedge funds and other institutional investors have recently modified their holdings of the company. Fairscale Capital LLC bought a new position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 2nd quarter valued at $34,000. Sanctuary Advisors LLC bought 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 stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the second quarter worth approximately $208,000. Beam Wealth Advisors Inc. bought 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 position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the third quarter valued at about $240,000.

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

Shares of NYSE GBAB traded down $0.05 during trading on Tuesday, reaching $15.94. The company 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 12 month low of $15.51 and a 12 month high of $18.52. The company’s fifty day moving average price is $16.48 and its 200-day moving average price is $16.70.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Cuts Dividend

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

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.