Short Interest in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Grows By 44.4%

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBABGet Rating) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totalling 5,200 shares, an increase of 44.4% from the March 15th total of 3,600 shares. Based on an average daily trading volume, of 101,500 shares, the days-to-cover ratio is currently 0.1 days.

Several institutional investors have recently bought and sold shares of GBAB. Morgan Stanley raised its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 8.9% during the 2nd quarter. Morgan Stanley now owns 549,438 shares of the investment management company’s stock valued at $13,560,000 after buying an additional 44,987 shares in the last quarter. Dynamic Advisor Solutions LLC raised its position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 6.9% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 30,158 shares of the investment management company’s stock worth $738,000 after purchasing an additional 1,950 shares during the period. Miracle Mile Advisors LLC raised its position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 6.7% in the 3rd quarter. Miracle Mile Advisors LLC now owns 96,353 shares of the investment management company’s stock worth $2,359,000 after purchasing an additional 6,009 shares during the period. U.S. Capital Wealth Advisors LLC purchased a new position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 3rd quarter worth $2,637,000. Finally, Lakeview Capital Partners LLC raised its position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 17.3% in the 3rd quarter. Lakeview Capital Partners LLC now owns 18,772 shares of the investment management company’s stock worth $460,000 after purchasing an additional 2,772 shares during the period.

Shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock traded down $0.25 on Friday, hitting $18.90. 64,260 shares of the company traded hands, compared to its average volume of 99,116. The firm’s 50-day simple moving average is $19.80 and its 200 day simple moving average is $22.07. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 12-month low of $18.35 and a 12-month high of $25.34.

The business also recently disclosed a monthly dividend, which will be paid on Friday, April 29th. Stockholders of record on Thursday, April 14th will be given a dividend of $0.126 per share. This represents a $1.51 annualized dividend and a dividend yield of 8.00%. The ex-dividend date of this dividend is Wednesday, April 13th.

About Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (Get Rating)

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.

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