Short Interest in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Decreases By 60.9%

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) was the recipient of a large decline in short interest during the month of 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 trading volume of 144,500 shares, the days-to-cover ratio is currently 0.2 days.

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

GBAB stock traded down $0.04 on Friday, reaching $15.61. 97,051 shares of the company traded hands, compared to its average volume of 103,653. The firm 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 has a one year low of $14.85 and a one year high of $18.52.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Palacios Wealth Management LLC acquired a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 4th quarter worth about $163,000. Sanctuary Advisors LLC acquired a new position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 2nd quarter valued at about $189,000. Virtu Financial LLC acquired a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 3rd quarter valued at approximately $240,000. Good Life Advisors LLC grew its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 75.9% in the third quarter. Good Life Advisors LLC now owns 18,530 shares of the investment management company’s stock worth $326,000 after acquiring an additional 7,995 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its holdings in 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 valued at $361,000 after buying an additional 6,491 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.