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 large growth in short interest in 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 Performance

Shares of GBAB stock opened at $15.53 on Monday. The stock’s fifty day moving average is $15.61 and its two-hundred day moving average is $16.22. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a fifty-two week low of $14.85 and a fifty-two week high of $18.53.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.1257 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.51 dividend on an annualized basis and a yield of 9.72%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. HighTower Advisors LLC lifted its holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 21.4% in the 4th quarter. HighTower Advisors LLC now owns 14,384 shares of the investment management company’s stock valued at $219,000 after purchasing an additional 2,534 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 8.6% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 36,627 shares of the investment management company’s stock valued at $557,000 after purchasing an additional 2,916 shares in the last quarter. Virtu Financial LLC lifted its holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 28.0% in the 4th quarter. Virtu Financial LLC now owns 17,497 shares of the investment management company’s stock valued at $266,000 after purchasing an additional 3,832 shares in the last quarter. Bison Wealth LLC raised 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 worth $861,000 after acquiring an additional 4,237 shares during the period. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 7.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 85,149 shares of the investment management company’s stock worth $1,294,000 after acquiring an additional 5,598 shares during the period.

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.