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

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) saw a large drop in short interest in December. As of December 31st, there was short interest totalling 26,300 shares, a drop of 60.9% from the December 15th total of 67,200 shares. Based on an average daily volume of 144,500 shares, the short-interest ratio is presently 0.2 days.

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

NYSE GBAB opened at $15.49 on Tuesday. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 52 week low of $14.85 and a 52 week high of $18.52. The firm has a 50 day moving average of $15.63 and a two-hundred day moving average of $16.56.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a $0.1257 dividend. This represents a $1.51 annualized dividend and a yield of 9.74%. The ex-dividend date is Wednesday, January 15th.

Institutional Trading of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of GBAB. Fairscale Capital LLC acquired a new position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 2nd quarter valued at $34,000. Sanctuary Advisors LLC purchased a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the second quarter valued at $189,000. Virtu Financial LLC acquired a new position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the third quarter valued at $240,000. International Assets Investment Management LLC grew its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 1,658.0% during the third quarter. International Assets Investment Management LLC now owns 17,580 shares of the investment management company’s stock worth $3,090,000 after purchasing an additional 16,580 shares during the last quarter. Finally, Good Life Advisors LLC grew its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 75.9% during the third quarter. Good Life Advisors LLC now owns 18,530 shares of the investment management company’s stock worth $326,000 after purchasing an additional 7,995 shares during the last quarter.

About Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust is a closed ended fixed income mutual fund launched by Guggenheim Partners, LLC. The fund is co-managed by Guggenheim Funds Investment Advisors, LLC and Guggenheim Partners Investment Management, LLC. It invests in fixed income markets of the United States.