Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Short Interest Update
Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB – Get Rating) saw a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 86,400 shares, a growth of 210.8% from the May 15th total of 27,800 shares. Based on an average daily trading volume, of 95,800 shares, the short-interest ratio is presently 0.9 days.
A number of institutional investors and hedge funds have recently modified their holdings of the business. UBS Group AG lifted its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 18.7% during the 3rd quarter. UBS Group AG now owns 715,713 shares of the investment management company’s stock valued at $17,521,000 after buying an additional 112,636 shares during the period. Morgan Stanley lifted its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 9.6% during the 3rd quarter. Morgan Stanley now owns 602,029 shares of the investment management company’s stock valued at $14,738,000 after buying an additional 52,591 shares during the period. Bank of America Corp DE lifted its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 5.3% during the 1st quarter. Bank of America Corp DE now owns 358,877 shares of the investment management company’s stock valued at $7,138,000 after buying an additional 17,976 shares during the period. Invesco Ltd. lifted its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 11.3% during the 1st quarter. Invesco Ltd. now owns 213,266 shares of the investment management company’s stock valued at $4,242,000 after buying an additional 21,598 shares during the period. Finally, Raymond James & Associates lifted its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 3.7% during the 1st quarter. Raymond James & Associates now owns 165,027 shares of the investment management company’s stock valued at $3,282,000 after buying an additional 5,907 shares during the period.
GBAB traded up $0.02 during trading on Friday, hitting $18.40. 47,101 shares of the company’s stock traded hands, compared to its average volume of 91,103. The company’s 50 day simple moving average is $18.88 and its two-hundred day simple moving average is $20.64. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 12-month low of $17.94 and a 12-month high of $25.34.
The firm also recently announced a monthly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th will be paid a dividend of $0.126 per share. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $1.51 annualized dividend and a yield of 8.22%.
Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Company Profile (Get Rating)
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.
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