Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Short Interest Down 60.9% in December

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) was the recipient of a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 26,300 shares, a decline of 60.9% from the December 15th total of 67,200 shares. Based on an average trading volume of 144,500 shares, the days-to-cover ratio is presently 0.2 days.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Stock Up 0.1 %

GBAB opened at $15.58 on Thursday. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 1 year low of $14.85 and a 1 year high of $18.52. The firm’s fifty day moving average price is $15.60 and its two-hundred day moving average price is $16.55.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be paid a dividend of $0.1257 per share. This represents a $1.51 dividend on an annualized basis and a dividend yield of 9.68%. The ex-dividend date of this dividend is Wednesday, January 15th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in GBAB. Fairscale Capital LLC purchased a new position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the second quarter worth about $34,000. B. Riley Wealth Advisors Inc. lifted its position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 40.1% in the second quarter. B. Riley Wealth Advisors Inc. now owns 22,683 shares of the investment management company’s stock valued at $361,000 after purchasing an additional 6,491 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the second quarter valued at approximately $189,000. Good Life Advisors LLC raised its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 75.9% during the third quarter. Good Life Advisors LLC now owns 18,530 shares of the investment management company’s stock valued at $326,000 after acquiring an additional 7,995 shares in the last quarter. Finally, Raymond James & Associates raised its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 3.4% during the third quarter. Raymond James & Associates now owns 183,112 shares of the investment management company’s stock valued at $3,219,000 after acquiring an additional 5,957 shares in the last quarter.

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.