Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Short Interest Up 170.6% in July

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 44,849 shares, a growth of 170.6% from the June 30th total of 16,573 shares. Based on an average daily trading volume, of 65,104 shares, the short-interest ratio is presently 0.7 days.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GBAB. Sit Investment Associates Inc. lifted its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 11.9% in the fourth quarter. Sit Investment Associates Inc. now owns 696,506 shares of the investment management company’s stock valued at $10,392,000 after buying an additional 74,078 shares during the period. Bank of America Corp DE grew its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 10.0% during the 1st quarter. Bank of America Corp DE now owns 589,291 shares of the investment management company’s stock worth $8,545,000 after buying an additional 53,498 shares during the period. LPL Financial LLC increased its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 7.0% in the 4th quarter. LPL Financial LLC now owns 448,415 shares of the investment management company’s stock valued at $6,690,000 after acquiring an additional 29,220 shares during the last quarter. Invesco Ltd. increased its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 3.0% in the 3rd quarter. Invesco Ltd. now owns 236,102 shares of the investment management company’s stock valued at $3,678,000 after acquiring an additional 6,879 shares during the last quarter. Finally, Cooper Financial Group raised its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 4.4% in the 2nd quarter. Cooper Financial Group now owns 164,368 shares of the investment management company’s stock valued at $2,377,000 after acquiring an additional 6,872 shares during the period.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Price Performance

GBAB stock traded down $0.04 during midday trading on Wednesday, reaching $13.80. The company’s stock had a trading volume of 10,291 shares, compared to its average volume of 94,339. The business’s 50-day simple moving average is $14.10 and its 200-day simple moving average is $14.57. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 52 week low of $13.51 and a 52 week high of $15.94.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Dividend Announcement

The business also recently declared 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. This represents a c) annualized dividend and a dividend yield of 10.9%. The ex-dividend date is Wednesday, July 15th.

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.