Short Interest in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Rises By 325.0%

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 93,802 shares, a growth of 325.0% from the July 30th total of 22,072 shares. Based on an average trading volume of 96,229 shares, the short-interest ratio is presently 1.0 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Bison Wealth LLC lifted its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 8.1% during the fourth 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 in the last quarter. Cetera Investment Advisers grew its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 11.5% in the second quarter. Cetera Investment Advisers now owns 44,315 shares of the investment management company’s stock valued at $666,000 after purchasing an additional 4,563 shares in the last quarter. Invesco Ltd. raised its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 17.9% during the 2nd quarter. Invesco Ltd. now owns 229,223 shares of the investment management company’s stock valued at $3,448,000 after purchasing an additional 34,845 shares during the period. Jane Street Group LLC bought a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 2nd quarter valued at $189,000. Finally, Balyasny Asset Management L.P. purchased a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 2nd quarter worth about $549,000.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Price Performance

NYSE:GBAB traded down $0.03 on Friday, reaching $13.81. 29,904 shares of the company’s stock were exchanged, compared to its average volume of 96,181. The stock has a fifty day simple moving average of $14.04 and a 200-day simple moving average of $14.38. 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 Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be issued a $0.1257 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a c) annualized dividend and a yield of 10.9%.

About Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

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.