Short Interest in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Grows By 32.1%

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 58,500 shares, a growth of 32.1% from the February 13th total of 44,300 shares. Based on an average daily volume of 129,600 shares, the short-interest ratio is currently 0.5 days.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Stock Down 0.5 %

NYSE GBAB traded down $0.07 on Tuesday, hitting $15.43. 53,612 shares of the company’s stock were exchanged, compared to its average volume of 102,296. The stock has a 50-day moving average of $15.61 and a 200-day moving average of $16.20. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 52 week low of $14.85 and a 52 week high of $18.52.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.1257 per share. This represents a $1.51 annualized dividend and a yield of 9.78%. The ex-dividend date of this dividend is Friday, March 14th.

Institutional Investors Weigh In On Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nomura Holdings Inc. acquired a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 4th quarter valued at $263,000. Bank of America Corp DE boosted its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 13.0% during the 4th quarter. Bank of America Corp DE now owns 234,854 shares of the investment management company’s stock valued at $3,570,000 after acquiring an additional 27,036 shares in the last quarter. Bison Wealth LLC boosted its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 8.1% during the 4th quarter. Bison Wealth LLC now owns 56,612 shares of the investment management company’s stock valued at $861,000 after acquiring an additional 4,237 shares in the last quarter. LaSalle St. Investment Advisors LLC acquired a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 4th quarter valued at $303,000. Finally, Cohen & Steers Inc. acquired a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 4th quarter valued at $152,000.

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.