Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB – Get Free Report) was the target of a large decline in short interest during 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 days-to-cover ratio is presently 0.2 days.
Institutional Trading of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
Hedge funds and other institutional investors have recently made changes to their positions in the company. Bison Wealth LLC boosted its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 8.1% in the 4th quarter. Bison Wealth LLC now owns 56,612 shares of the investment management company’s stock valued at $861,000 after purchasing an additional 4,237 shares during the period. Cetera Investment Advisers increased its position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 11.5% during the second quarter. Cetera Investment Advisers now owns 44,315 shares of the investment management company’s stock worth $666,000 after buying an additional 4,563 shares during the period. Invesco Ltd. lifted its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 17.9% in the second quarter. Invesco Ltd. now owns 229,223 shares of the investment management company’s stock valued at $3,448,000 after buying an additional 34,845 shares during the last quarter. Jane Street Group LLC purchased a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the second quarter valued at approximately $189,000. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the second quarter valued at approximately $549,000.
Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Trading Up 0.1%
Shares of NYSE GBAB traded up $0.01 during mid-day trading on Thursday, reaching $14.11. The company had a trading volume of 34,769 shares, compared to its average volume of 95,298. The firm has a 50 day simple moving average of $14.12 and a two-hundred day simple moving average of $14.63. 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
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.
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