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 target of a large drop in short interest during 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 trading volume of 144,500 shares, the short-interest ratio is currently 0.2 days.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Price Performance

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock traded down $0.04 during trading hours on Friday, reaching $15.61. The stock had a trading volume of 97,051 shares, compared to its average volume of 103,653. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 52 week low of $14.85 and a 52 week high of $18.52. The company has a fifty day simple moving average of $15.52 and a 200-day simple moving average of $16.52.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be issued a $0.1257 dividend. This represents a $1.51 dividend on an annualized basis and a yield of 9.67%. The ex-dividend date is Wednesday, January 15th.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Invictus Private Wealth LLC lifted its position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 2.5% during the 3rd quarter. Invictus Private Wealth LLC now owns 26,762 shares of the investment management company’s stock valued at $470,000 after acquiring an additional 658 shares during the period. Private Advisor Group LLC lifted its position 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 acquiring an additional 2,418 shares during the period. Dynamic Advisor Solutions LLC raised its holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 8.6% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 36,627 shares of the investment management company’s stock worth $557,000 after buying an additional 2,916 shares during the last quarter. Farther Finance Advisors LLC raised its holdings 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 worth $1,672,000 after buying an additional 3,768 shares during the last quarter. Finally, Fiera Capital Corp raised its holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 3.9% in 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 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.