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

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 21,900 shares, a growth of 26.6% from the March 31st total of 17,300 shares. Based on an average trading volume of 63,300 shares, the days-to-cover ratio is presently 0.3 days.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Stock Performance

Shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock traded up $0.02 on Tuesday, hitting $15.65. 42,133 shares of the company traded hands, compared to its average volume of 64,352. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 12-month low of $14.22 and a 12-month high of $17.29. The firm’s 50-day simple moving average is $16.23 and its 200 day simple moving average is $16.04.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be issued a $0.126 dividend. This is a boost from Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust’s previous monthly dividend of $0.13. This represents a $1.51 dividend on an annualized basis and a dividend yield of 9.66%. The ex-dividend date of this dividend is Friday, April 12th.

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

Several institutional investors have recently modified their holdings of the company. Raymond James & Associates lifted its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 27.8% in the fourth quarter. Raymond James & Associates now owns 154,383 shares of the investment management company’s stock worth $2,499,000 after purchasing an additional 33,538 shares during the last quarter. Cooper Financial Group boosted its holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 8.4% during the 4th quarter. Cooper Financial Group now owns 141,157 shares of the investment management company’s stock valued at $2,285,000 after acquiring an additional 10,977 shares during the period. Whittier Trust Co. grew its position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 327.7% during the 3rd quarter. Whittier Trust Co. now owns 57,759 shares of the investment management company’s stock worth $898,000 after acquiring an additional 44,253 shares during the last quarter. Venture Visionary Partners LLC purchased a new position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 4th quarter worth approximately $899,000. Finally, Bison Wealth LLC lifted its position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 19.1% in the fourth quarter. Bison Wealth LLC now owns 52,016 shares of the investment management company’s stock valued at $842,000 after purchasing an additional 8,343 shares during the last quarter.

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.