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

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

Institutional investors have recently bought and sold shares of the business. Invictus Private Wealth LLC raised its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 2.5% during the third quarter. Invictus Private Wealth LLC now owns 26,762 shares of the investment management company’s stock worth $470,000 after acquiring an additional 658 shares in the last quarter. Fairscale Capital LLC acquired a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 2nd quarter worth about $34,000. Private Advisor Group LLC lifted its holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 10.3% during the 3rd quarter. Private Advisor Group LLC now owns 25,927 shares of the investment management company’s stock valued at $456,000 after purchasing an additional 2,418 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 4.1% in the third quarter. Farther Finance Advisors LLC now owns 95,092 shares of the investment management company’s stock valued at $1,672,000 after buying an additional 3,768 shares in the last quarter. Finally, Fiera Capital Corp grew its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 3.9% during the third quarter. Fiera Capital Corp now owns 113,402 shares of the investment management company’s stock worth $1,994,000 after buying an additional 4,249 shares during the last quarter.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Stock Up 1.0 %

Shares of GBAB opened at $15.55 on Thursday. The company has a 50-day simple moving average of $15.60 and a 200-day simple moving average of $16.55. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 52 week low of $14.85 and a 52 week high of $18.52.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a $0.1257 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $1.51 dividend on an annualized basis and a dividend yield of 9.70%.

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.