Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Sees Large Drop in Short Interest

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) was the target of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 16,573 shares, a decline of 56.2% from the June 15th total of 37,811 shares. Based on an average daily trading volume, of 107,130 shares, the short-interest ratio is presently 0.2 days.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Stock Up 0.1%

GBAB traded up $0.01 on Tuesday, reaching $14.21. The company had a trading volume of 37,143 shares, compared to its average volume of 95,550. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a fifty-two week low of $13.51 and a fifty-two week high of $15.94. The company’s fifty day moving average is $14.12 and its 200 day moving average is $14.65.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be given a $0.1257 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 10.6%.

Hedge Funds Weigh In On Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

A number of large investors have recently made changes to their positions in the company. Daymark Wealth Partners LLC acquired a new position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 4th quarter valued at $1,429,000. Sit Investment Associates Inc. lifted its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 11.9% during the fourth quarter. Sit Investment Associates Inc. now owns 696,506 shares of the investment management company’s stock worth $10,392,000 after buying an additional 74,078 shares in the last quarter. Bison Wealth LLC boosted its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 8.1% in the fourth quarter. Bison Wealth LLC now owns 56,612 shares of the investment management company’s stock valued at $861,000 after acquiring an additional 4,237 shares during the period. Royal Bank of Canada boosted its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 7.2% in the fourth quarter. Royal Bank of Canada now owns 83,870 shares of the investment management company’s stock valued at $1,251,000 after acquiring an additional 5,650 shares during the period. Finally, Readystate Asset Management LP acquired a new position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the fourth quarter valued at about $1,400,000.

About Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE: GBAB) is a closed-end management investment company organized as a statutory trust. The trust’s shares trade on the New York Stock Exchange, offering investors access to a diversified portfolio of taxable municipal securities and high-quality corporate debt instruments. As an externally managed vehicle, GBAB provides market participants with a convenient way to seek income and potential capital appreciation through a single exchange-listed security.

The fund’s primary investment strategy focuses on taxable municipal bonds issued by state and local governments across the United States.