Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Sees Large Growth in Short Interest

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 26,257 shares, an increase of 64.7% from the May 14th total of 15,940 shares. Based on an average daily volume of 144,978 shares, the days-to-cover ratio is presently 0.2 days.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Stock Performance

GBAB stock opened at $14.13 on Tuesday. The firm has a 50 day simple moving average of $14.25 and a 200 day simple moving average of $14.79. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 52 week low of $13.51 and a 52 week high of $15.94.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $0.1257 per share. This represents a c) annualized dividend and a dividend yield of 10.7%. The ex-dividend date is Monday, June 15th.

Institutional Trading of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

Several institutional investors have recently made changes to their positions in the stock. Sit Investment Associates Inc. boosted its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 11.9% during the fourth quarter. Sit Investment Associates Inc. now owns 696,506 shares of the investment management company’s stock worth $10,392,000 after purchasing an additional 74,078 shares during the period. Bank of America Corp DE boosted its holdings in shares of 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. LPL Financial LLC boosted its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 7.0% during the fourth quarter. LPL Financial LLC now owns 448,415 shares of the investment management company’s stock worth $6,690,000 after purchasing an additional 29,220 shares during the period. Invesco Ltd. lifted its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 3.0% in the third quarter. Invesco Ltd. now owns 236,102 shares of the investment management company’s stock valued at $3,678,000 after acquiring an additional 6,879 shares during the last quarter. Finally, Cooper Financial Group lifted its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 11.0% in the fourth quarter. Cooper Financial Group now owns 154,826 shares of the investment management company’s stock valued at $2,310,000 after acquiring an additional 15,306 shares during the last quarter.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Company Profile

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.