Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Stock Short Interest Drops 51.2%

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totaling 7,487 shares, a drop of 51.2% from the September 15th total of 15,328 shares. Based on an average trading volume of 205,412 shares, the days-to-cover ratio is currently 0.0 days.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Price Performance

NYSE GBAB traded down $0.02 during trading on Thursday, reaching $12.40. The company’s stock had a trading volume of 464,100 shares, compared to its average volume of 107,929. The business has a 50-day moving average price of $13.30 and a 200-day moving average price of $13.87. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 1-year low of $12.31 and a 1-year high of $15.80.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 15th will be paid a $0.1257 dividend. This represents a $1.51 annualized dividend and a dividend yield of 12.2%. The ex-dividend date of this dividend is Thursday, October 15th.

Institutional Investors Weigh In On Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

Large investors have recently bought and sold shares of the business. Fortitude Advisory Group L.L.C. raised its holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 28.4% during the third quarter. Fortitude Advisory Group L.L.C. now owns 30,294 shares of the investment management company’s stock valued at $377,000 after buying an additional 6,709 shares in the last quarter. Venture Visionary Partners LLC boosted its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 26.8% during the 3rd quarter. Venture Visionary Partners LLC now owns 179,622 shares of the investment management company’s stock worth $2,234,000 after acquiring an additional 38,000 shares in the last quarter. Cooper Financial Group boosted its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 9.5% during the 3rd quarter. Cooper Financial Group now owns 179,970 shares of the investment management company’s stock worth $2,239,000 after acquiring an additional 15,602 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 45.2% during the 2nd quarter. NewEdge Advisors LLC now owns 41,727 shares of the investment management company’s stock worth $603,000 after acquiring an additional 12,993 shares in the last quarter. Finally, Rivernorth Capital Management LLC bought a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 2nd quarter worth about $4,178,000.

About Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) is a closed-end management investment company. The trust seeks to provide current income and total return by investing primarily in taxable municipal securities and investment-grade debt instruments.

Its portfolio may include taxable municipal bonds issued by state and local governments, public authorities and other governmental entities, as well as corporate bonds, U.S. government and agency securities, mortgage-backed securities and other fixed-income investments.