Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Short Interest Up 32.1% in February

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) was the target of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 58,500 shares, a growth of 32.1% from the February 13th total of 44,300 shares. Based on an average daily volume of 129,600 shares, the days-to-cover ratio is currently 0.5 days.

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

Hedge funds have recently bought and sold shares of the business. Janney Montgomery Scott LLC grew its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 7.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 85,149 shares of the investment management company’s stock worth $1,294,000 after purchasing an additional 5,598 shares in the last quarter. Palacios Wealth Management LLC acquired a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the fourth quarter worth approximately $163,000. Wolverine Asset Management LLC bought a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 4th quarter valued at $842,000. Dynamic Advisor Solutions LLC grew its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 8.6% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 36,627 shares of the investment management company’s stock worth $557,000 after purchasing an additional 2,916 shares in the last quarter. Finally, Oppenheimer & Co. Inc. bought a new position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the third quarter worth $613,000.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Stock Down 0.5 %

Shares of NYSE GBAB opened at $15.42 on Wednesday. The stock’s fifty day moving average price is $15.62 and its two-hundred day moving average price is $16.18. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a one year low of $14.85 and a one year high of $18.53.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.1257 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.51 annualized dividend and a dividend yield of 9.78%.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Company Profile

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.