Short Interest in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Expands By 16.0%

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBABGet Free Report) saw a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 42,100 shares, an increase of 16.0% from the October 31st total of 36,300 shares. Based on an average daily trading volume, of 106,100 shares, the short-interest ratio is currently 0.4 days.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Price Performance

Shares of NYSE:GBAB traded down $0.05 during mid-day trading on Tuesday, reaching $15.94. The stock had a trading volume of 167,869 shares, compared to its average volume of 85,625. The business’s 50 day moving average price is $16.52 and its 200 day moving average price is $16.70. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 1 year low of $15.51 and a 1 year high of $18.52.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.1257 dividend. The ex-dividend date of this dividend is Friday, December 13th.

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

A number of institutional investors and hedge funds have recently modified their holdings of the company. Private Advisor Group LLC lifted its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 10.3% in the 3rd quarter. Private Advisor Group LLC now owns 25,927 shares of the investment management company’s stock worth $456,000 after buying an additional 2,418 shares during the last quarter. Beam Wealth Advisors Inc. bought a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the second quarter worth approximately $218,000. Janney Montgomery Scott LLC boosted its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 14.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 79,551 shares of the investment management company’s stock worth $1,399,000 after buying an additional 10,035 shares during the period. Wolverine Asset Management LLC acquired a new position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 2nd quarter valued at $208,000. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 1st quarter valued at about $252,000.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Company Profile

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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.

Further Reading

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