Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Short Interest Update

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) was the recipient of a large decline in short interest in 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 volume of 107,130 shares, the short-interest ratio is presently 0.2 days.

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

Shares of GBAB traded up $0.01 during mid-day trading on Tuesday, hitting $14.21. 37,143 shares of the company’s stock were exchanged, compared to its average volume of 95,550. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 52 week low of $13.51 and a 52 week high of $15.94. The stock’s 50-day simple moving average is $14.12 and its 200-day simple moving average is $14.65.

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. Investors of record on Wednesday, July 15th will be given a dividend of $0.1257 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 10.6%.

Hedge Funds Weigh In On Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cooper Financial Group increased its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 4.4% in the second quarter. Cooper Financial Group now owns 164,368 shares of the investment management company’s stock worth $2,377,000 after purchasing an additional 6,872 shares during the period. NewEdge Advisors LLC bought a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the first quarter worth about $417,000. Bank of America Corp DE lifted its position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 10.0% during the first quarter. Bank of America Corp DE now owns 589,291 shares of the investment management company’s stock worth $8,545,000 after purchasing an additional 53,498 shares during the period. Royal Bank of Canada grew its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 6.6% during the first quarter. Royal Bank of Canada now owns 89,385 shares of the investment management company’s stock worth $1,296,000 after buying an additional 5,515 shares in the last quarter. Finally, Cetera Investment Advisers grew its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 2.7% during the first quarter. Cetera Investment Advisers now owns 56,395 shares of the investment management company’s stock worth $818,000 after buying an additional 1,487 shares in the last quarter.

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.