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) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 21,900 shares, a growth of 26.6% from the March 31st total of 17,300 shares. Based on an average daily trading volume, of 63,300 shares, the short-interest ratio is presently 0.3 days.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Stock Performance

Shares of NYSE GBAB traded up $0.02 during mid-day trading on Tuesday, reaching $15.65. 42,133 shares of the company traded hands, compared to its average volume of 64,352. The company’s fifty day moving average is $16.23 and its two-hundred day moving average is $16.04. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a fifty-two week low of $14.22 and a fifty-two week high of $17.29.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be issued a dividend of $0.126 per share. This is an increase from Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust’s previous monthly dividend of $0.13. This represents a $1.51 annualized dividend and a dividend yield of 9.66%. The ex-dividend date of this dividend is Friday, April 12th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Dynamic Advisor Solutions LLC grew its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 3.6% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 39,278 shares of the investment management company’s stock worth $657,000 after acquiring an additional 1,351 shares during the last quarter. NBC Securities Inc. acquired a new position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 3rd quarter worth approximately $136,000. Whittier Trust Co. grew its position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 327.7% during the 3rd quarter. Whittier Trust Co. now owns 57,759 shares of the investment management company’s stock worth $898,000 after acquiring an additional 44,253 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 4th quarter valued at $262,000. Finally, Raymond James & Associates raised its position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 27.8% in the 4th quarter. Raymond James & Associates now owns 154,383 shares of the investment management company’s stock valued at $2,499,000 after purchasing an additional 33,538 shares during the last quarter.

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.