Short Interest in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Decreases By 88.0%

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBABGet Free Report) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 11,249 shares, a drop of 88.0% from the August 15th total of 93,802 shares. Based on an average daily trading volume, of 106,132 shares, the days-to-cover ratio is currently 0.1 days.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Price Performance

Shares of NYSE:GBAB traded down $0.03 during trading on Friday, reaching $13.45. 58,018 shares of the company’s stock traded hands, compared to its average volume of 95,737. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 12 month low of $13.42 and a 12 month high of $15.94. The company has a 50 day moving average of $13.92 and a 200-day moving average of $14.26.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.1257 per share. This represents a c) dividend on an annualized basis and a dividend yield of 11.2%. The ex-dividend date is Tuesday, September 15th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GBAB. Rivernorth Capital Management LLC bought a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the second quarter valued at approximately $4,178,000. Bank of America Corp DE grew its holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 61.4% in the 3rd quarter. Bank of America Corp DE now owns 372,899 shares of the investment management company’s stock worth $5,810,000 after buying an additional 141,835 shares in the last quarter. Readystate Asset Management LP acquired a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 4th quarter valued at approximately $1,400,000. Sit Investment Associates Inc. raised its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 11.9% during the 4th quarter. Sit Investment Associates Inc. now owns 696,506 shares of the investment management company’s stock valued at $10,392,000 after acquiring an additional 74,078 shares in the last quarter. Finally, Balyasny Asset Management L.P. bought a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 2nd quarter valued at $549,000.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Company Profile

(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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