Short Interest in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Increases By 26.6%

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) was the recipient of a large growth in short interest in 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 short-interest ratio is currently 0.3 days.

Institutional Trading of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

Several hedge funds and other institutional investors have recently made changes to their positions in GBAB. Cambridge Trust Co. bought a new position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 3rd quarter valued at approximately $39,000. Spire Wealth Management lifted its position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 105.8% in the 1st quarter. Spire Wealth Management now owns 3,890 shares of the investment management company’s stock valued at $63,000 after acquiring an additional 2,000 shares in the last quarter. NBC Securities Inc. bought a new position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 3rd quarter valued at approximately $136,000. CoreCap Advisors LLC lifted its position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 14.8% in the 4th quarter. CoreCap Advisors LLC now owns 15,515 shares of the investment management company’s stock valued at $251,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Significant Wealth Partners LLC bought a new position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 4th quarter valued at approximately $251,000.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Stock Performance

Shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock traded down $0.05 during midday trading on Friday, hitting $15.58. The company had a trading volume of 74,669 shares, compared to its average volume of 64,992. The company has a 50 day moving average of $16.25 and a 200 day moving average of $16.03. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 52-week low of $14.22 and a 52-week high of $17.37.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be paid a $0.126 dividend. The ex-dividend date is Friday, April 12th. This represents a $1.51 annualized dividend and a dividend yield of 9.70%. This is an increase from Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust’s previous monthly dividend of $0.13.

About Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

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.