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

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) was the target of a large drop in short interest in September. As of September 15th, there was short interest totalling 26,800 shares, a drop of 29.5% from the August 31st total of 38,000 shares. Based on an average trading volume of 104,900 shares, the days-to-cover ratio is currently 0.3 days.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Trading Down 0.1 %

Shares of NYSE:GBAB traded down $0.01 on Friday, reaching $17.49. The company had a trading volume of 124,599 shares, compared to its average volume of 76,995. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 52-week low of $14.22 and a 52-week high of $18.52. The firm’s 50 day simple moving average is $17.48 and its 200-day simple moving average is $16.58.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a $0.1257 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.51 annualized dividend and a yield of 8.63%.

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

Hedge funds have recently modified their holdings of the company. Walker Asset Management LLC grew its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 1.7% in the 1st quarter. Walker Asset Management LLC now owns 47,113 shares of the investment management company’s stock worth $766,000 after buying an additional 800 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 2.8% in the first quarter. Commonwealth Equity Services LLC now owns 33,952 shares of the investment management company’s stock valued at $552,000 after acquiring an additional 930 shares in the last quarter. Whittier Trust Co. grew its holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 105.7% in the first quarter. Whittier Trust Co. now owns 119,422 shares of the investment management company’s stock worth $1,941,000 after purchasing an additional 61,352 shares during the last quarter. Benedetti & Gucer Inc. increased its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 6.0% during the first quarter. Benedetti & Gucer Inc. now owns 14,186 shares of the investment management company’s stock worth $231,000 after purchasing an additional 800 shares in the last quarter. Finally, Private Portfolio Partners LLC lifted its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 45.1% during the 1st quarter. Private Portfolio Partners LLC now owns 37,716 shares of the investment management company’s stock valued at $613,000 after purchasing an additional 11,721 shares during the last quarter.

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.