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 target of a large increase in short interest in July. As of July 15th, there was short interest totaling 44,849 shares, an increase of 170.6% from the June 30th total of 16,573 shares. Based on an average daily volume of 65,104 shares, the days-to-cover ratio is presently 0.7 days.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Trading Up 0.5%

Shares of NYSE GBAB traded up $0.07 during mid-day trading on Tuesday, hitting $13.84. 53,496 shares of the stock traded hands, compared to its average volume of 94,934. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a twelve month low of $13.51 and a twelve month high of $15.94. The firm has a 50 day simple moving average of $14.09 and a two-hundred day simple moving average of $14.57.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be given a $0.1257 dividend. This represents a c) annualized dividend and a yield of 10.9%. The ex-dividend date is Wednesday, July 15th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Bison Wealth LLC grew 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 buying an additional 4,237 shares during the last quarter. Cetera Investment Advisers boosted 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 valued at $666,000 after acquiring an additional 4,563 shares during the last quarter. Invesco Ltd. grew its holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 17.9% during the 2nd quarter. Invesco Ltd. now owns 229,223 shares of the investment management company’s stock worth $3,448,000 after acquiring an additional 34,845 shares during the period. Jane Street Group LLC acquired a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 2nd quarter worth about $189,000. Finally, Balyasny Asset Management L.P. bought a new position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 2nd quarter worth about $549,000.

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.