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

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) saw a significant decrease in short interest in December. As of December 31st, there was short interest totalling 26,300 shares, a decrease of 60.9% from the December 15th total of 67,200 shares. Based on an average daily volume of 144,500 shares, the short-interest ratio is currently 0.2 days.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Price Performance

Shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock opened at $15.55 on Thursday. The firm has a 50 day simple moving average of $15.60 and a 200 day simple moving average of $16.55. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a fifty-two week low of $14.85 and a fifty-two week high of $18.52.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a dividend of $0.1257 per share. The ex-dividend date is Wednesday, January 15th. This represents a $1.51 dividend on an annualized basis and a dividend yield of 9.70%.

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

Several large investors have recently made changes to their positions in the company. Fairscale Capital LLC bought a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the second quarter worth approximately $34,000. B. Riley Wealth Advisors Inc. raised its holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 40.1% in the second quarter. B. Riley Wealth Advisors Inc. now owns 22,683 shares of the investment management company’s stock worth $361,000 after purchasing an additional 6,491 shares during the period. Sanctuary Advisors LLC acquired a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the second quarter worth $189,000. Good Life Advisors LLC boosted its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 75.9% during the third quarter. Good Life Advisors LLC now owns 18,530 shares of the investment management company’s stock worth $326,000 after purchasing an additional 7,995 shares in the last quarter. Finally, Raymond James & Associates grew its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 3.4% in the 3rd quarter. Raymond James & Associates now owns 183,112 shares of the investment management company’s stock valued at $3,219,000 after buying an additional 5,957 shares during the period.

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.