Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Short Interest Down 88.0% in August

by · The Markets Daily

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB – Get Free Report) saw a significant decline in short interest in August. As of August 31st, there was short interest totaling 11,249 shares, a decline of 88.0% from the August 15th total of 93,802 shares. Based on an average trading volume of 106,132 shares, the short-interest ratio is presently 0.1 days.

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

Several large investors have recently made changes to their positions in GBAB. Advisory Services Network LLC bought a new position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 3rd quarter valued at approximately $35,000. Kestra Advisory Services LLC bought a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the fourth quarter worth approximately $90,000. Invictus Private Wealth LLC grew its holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 14.9% during the fourth quarter. Invictus Private Wealth LLC now owns 12,506 shares of the investment management company’s stock valued at $187,000 after purchasing an additional 1,624 shares during the last quarter. Jane Street Group LLC acquired a new position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the second quarter valued at approximately $189,000. Finally, Integrity Wealth Partners LLC bought a new position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the first quarter valued at approximately $254,000.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Stock Performance

Shares of GBAB traded down $0.03 during mid-day trading on Friday, hitting $13.45. 69,453 shares of the company’s stock were exchanged, compared to its average volume of 95,820. The firm has a fifty day moving average of $13.90 and a two-hundred day moving average of $14.25. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a twelve month low of $13.42 and a twelve month high of $15.94.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.1257 per share. This represents a c) annualized dividend and a yield of 11.2%. The ex-dividend date is Tuesday, September 15th.

About Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

(Get Free Report)

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE: GBAB) is a closed-end management investment company organized as a statutory trust. The trust’s shares trade on the New York Stock Exchange, offering investors access to a diversified portfolio of taxable municipal securities and high-quality corporate debt instruments. As an externally managed vehicle, GBAB provides market participants with a convenient way to seek income and potential capital appreciation through a single exchange-listed security.

The fund’s primary investment strategy focuses on taxable municipal bonds issued by state and local governments across the United States.

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