Short Interest in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Rises By 170.6%

by · The Markets Daily

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB – Get Free Report) saw a significant increase in short interest in July. As of July 15th, there was short interest totaling 44,849 shares, an increase of 170.6% from the June 30th total of 16,573 shares. Based on an average daily trading volume, of 65,104 shares, the short-interest ratio is currently 0.7 days.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Stock Down 0.2%

NYSE GBAB traded down $0.02 during trading on Monday, reaching $13.77. 67,236 shares of the company’s stock were exchanged, compared to its average volume of 95,223. The company has a 50 day moving average price of $14.09 and a two-hundred day moving average price of $14.58. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 1 year low of $13.51 and a 1 year high of $15.94.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be given a dividend of $0.1257 per share. This represents a c) annualized dividend and a dividend yield of 11.0%. The ex-dividend date of this dividend is Wednesday, July 15th.

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

Hedge funds have recently added to or reduced their stakes in the stock. Bison Wealth LLC lifted its position 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 buying an additional 4,237 shares during the last quarter. Cetera Investment Advisers raised its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 11.5% during the 2nd quarter. Cetera Investment Advisers now owns 44,315 shares of the investment management company’s stock worth $666,000 after acquiring an additional 4,563 shares in the last quarter. Invesco Ltd. raised its stake in 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 worth $3,448,000 after acquiring an additional 34,845 shares in the last quarter. Jane Street Group LLC purchased a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the second quarter valued at $189,000. Finally, Balyasny Asset Management L.P. acquired a new position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the second quarter valued at $549,000.

About Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

(Get Free Report)

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.

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