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

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBABGet Free Report) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 93,802 shares, a growth of 325.0% from the July 30th total of 22,072 shares. Based on an average daily trading volume, of 96,229 shares, the short-interest ratio is presently 1.0 days.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Trading Up 0.3%

Shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock traded up $0.04 during trading on Wednesday, reaching $13.86. The company’s stock had a trading volume of 38,147 shares, compared to its average volume of 96,402. The business’s 50-day moving average price is $14.05 and its 200-day moving average price is $14.40. 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 Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be given a dividend of $0.1257 per share. This represents a c) dividend on an annualized basis and a dividend yield of 10.9%. The ex-dividend date is Friday, August 14th.

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

Institutional investors have recently made changes to their positions in the stock. Rivernorth Capital Management LLC acquired a new position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 2nd quarter valued at $4,178,000. Wedbush Securities Inc. grew its holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 10.1% during the 2nd quarter. Wedbush Securities Inc. now owns 77,972 shares of the investment management company’s stock worth $1,127,000 after acquiring an additional 7,121 shares during the period. Cooper Financial Group grew its holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 4.4% during the 2nd quarter. Cooper Financial Group now owns 164,368 shares of the investment management company’s stock worth $2,377,000 after acquiring an additional 6,872 shares during the period. NewEdge Advisors LLC bought a new position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 1st quarter worth about $417,000. Finally, Bank of America Corp DE lifted its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 10.0% in the 1st quarter. Bank of America Corp DE now owns 589,291 shares of the investment management company’s stock valued at $8,545,000 after purchasing an additional 53,498 shares during the period.

About Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

(Get Free Report)

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.

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