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

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) saw a significant growth in short interest in October. As of October 31st, there was short interest totalling 36,300 shares, a growth of 11.0% from the October 15th total of 32,700 shares. Based on an average daily volume of 94,700 shares, the days-to-cover ratio is currently 0.4 days.

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

Hedge funds have recently bought and sold shares of the business. Invictus Private Wealth LLC raised its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 2.5% during the third quarter. Invictus Private Wealth LLC now owns 26,762 shares of the investment management company’s stock valued at $470,000 after acquiring an additional 658 shares during the last quarter. Fairscale Capital LLC acquired a new position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the second quarter valued at approximately $34,000. Private Advisor Group LLC raised its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 10.3% during the third quarter. Private Advisor Group LLC now owns 25,927 shares of the investment management company’s stock valued at $456,000 after acquiring an additional 2,418 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 4.1% during the third quarter. Farther Finance Advisors LLC now owns 95,092 shares of the investment management company’s stock valued at $1,672,000 after acquiring an additional 3,768 shares during the last quarter. Finally, Fiera Capital Corp raised its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 3.9% during the third quarter. Fiera Capital Corp now owns 113,402 shares of the investment management company’s stock valued at $1,994,000 after acquiring an additional 4,249 shares during the last quarter.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Trading Down 1.9 %

Shares of GBAB stock opened at $15.68 on Monday. The business’s 50 day moving average is $17.05 and its two-hundred day moving average is $16.71. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 12-month low of $15.30 and a 12-month high of $18.52.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a dividend of $0.1257 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.51 dividend on an annualized basis and a yield of 9.62%.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Company Profile

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.