Short Interest in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Declines By 73.1%

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) was the target of a large drop in short interest in the month of May. As of May 15th, there was short interest totalling 15,300 shares, a drop of 73.1% from the April 30th total of 56,900 shares. Based on an average daily volume of 83,100 shares, the days-to-cover ratio is currently 0.2 days.

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

Several institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. grew its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 81.1% in the 1st quarter. Raymond James Financial Inc. now owns 432,063 shares of the investment management company’s stock valued at $6,719,000 after acquiring an additional 193,551 shares during the period. LPL Financial LLC grew its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 65.5% in the 1st quarter. LPL Financial LLC now owns 392,592 shares of the investment management company’s stock valued at $6,105,000 after acquiring an additional 155,345 shares during the period. Sit Investment Associates Inc. grew its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 345.7% in the first quarter. Sit Investment Associates Inc. now owns 323,774 shares of the investment management company’s stock valued at $5,035,000 after purchasing an additional 251,123 shares during the period. Bank of America Corp DE grew its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 13.0% in the fourth quarter. Bank of America Corp DE now owns 234,854 shares of the investment management company’s stock valued at $3,570,000 after purchasing an additional 27,036 shares during the period. Finally, Invesco Ltd. grew its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 14.5% in the fourth quarter. Invesco Ltd. now owns 194,767 shares of the investment management company’s stock valued at $2,960,000 after purchasing an additional 24,610 shares during the period.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Stock Performance

GBAB stock opened at $14.93 on Friday. The firm’s fifty day moving average is $15.06 and its 200 day moving average is $15.40. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a one year low of $14.35 and a one year high of $18.53.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 15th were issued a $0.1257 dividend. This represents a $1.51 annualized dividend and a yield of 10.11%. The ex-dividend date was Thursday, May 15th.

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.