Investment

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Short Interest Update


Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB – Get Rating) was the recipient of a large decrease in short interest in May. As of May 15th, there was short interest totalling 27,800 shares, a decrease of 41.4% from the April 30th total of 47,400 shares. Based on an average daily trading volume, of 97,500 shares, the days-to-cover ratio is currently 0.3 days.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fortitude Advisory Group L.L.C. boosted its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 4.5% in the first quarter. Fortitude Advisory Group L.L.C. now owns 14,491 shares of the investment management company’s stock valued at $288,000 after buying an additional 619 shares in the last quarter. Wedbush Securities Inc. boosted its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 2.7% in the fourth quarter. Wedbush Securities Inc. now owns 28,495 shares of the investment management company’s stock valued at $676,000 after buying an additional 760 shares in the last quarter. NEXT Financial Group Inc boosted its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 12.1% in the fourth quarter. NEXT Financial Group Inc now owns 7,982 shares of the investment management company’s stock valued at $189,000 after buying an additional 862 shares in the last quarter. Good Life Advisors LLC boosted its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 12.4% in the first quarter. Good Life Advisors LLC now owns 10,535 shares of the investment management company’s stock valued at $210,000 after buying an additional 1,165 shares in the last quarter. Finally, National Asset Management Inc. boosted its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 13.1% in the first quarter. National Asset Management Inc. now owns 10,847 shares of the investment management company’s stock valued at $216,000 after buying an additional 1,256 shares in the last quarter.

Shares of GBAB traded up $0.19 during trading hours on Friday, hitting $19.64. 115,499 shares of the company were exchanged, compared to its average volume of 93,937. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a fifty-two week low of $17.94 and a fifty-two week high of $25.34. The firm’s fifty day moving average is $18.90 and its 200 day moving average is $20.96.

The business also recently announced a monthly dividend, which will be paid on Tuesday, May 31st. Stockholders of record on Friday, May 13th will be issued a dividend of $0.126 per share. This represents a $1.51 annualized dividend and a dividend yield of 7.70%. The ex-dividend date is Thursday, May 12th.

About Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (Get Rating)

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.

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