Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Stock Short Interest Declines 51.3%

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 3,649 shares, a decrease of 51.3% from the September 30th total of 7,487 shares. Based on an average daily trading volume, of 190,849 shares, the short-interest ratio is presently 0.0 days.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Stock Performance

Shares of NYSE:GBAB traded up $0.06 during midday trading on Friday, hitting $12.73. The company’s stock had a trading volume of 264,356 shares, compared to its average volume of 113,905. The business’s 50 day simple moving average is $12.95 and its 200 day simple moving average is $14.10. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 12-month low of $12.31 and a 12-month high of $15.77.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Investors of record on Thursday, October 15th were given a dividend of $0.1257 per share. The ex-dividend date was Thursday, October 15th. This represents a $1.51 dividend on an annualized basis and a yield of 11.9%.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GBAB. Rivernorth Capital Management LLC acquired a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 2nd quarter worth $4,178,000. Bank of America Corp DE grew its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 10.0% in the first quarter. Bank of America Corp DE now owns 589,291 shares of the investment management company’s stock valued at $8,545,000 after purchasing an additional 53,498 shares during the period. Venture Visionary Partners LLC grew its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 26.8% in the third quarter. Venture Visionary Partners LLC now owns 179,622 shares of the investment management company’s stock valued at $2,234,000 after purchasing an additional 38,000 shares during the period. Cooper Financial Group increased its position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 9.5% during the third quarter. Cooper Financial Group now owns 179,970 shares of the investment management company’s stock worth $2,239,000 after purchasing an additional 15,602 shares during the last quarter. Finally, NewEdge Advisors LLC increased its position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 45.2% during the second quarter. NewEdge Advisors LLC now owns 41,727 shares of the investment management company’s stock worth $603,000 after purchasing an additional 12,993 shares during the last quarter.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Company Profile

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust is a closed-end management investment company listed on the New York Stock Exchange under the symbol GBAB. The trust seeks to provide current income and, to a lesser extent, capital appreciation by investing primarily in taxable municipal securities and other investment-grade debt obligations.

Its portfolio may include taxable municipal bonds issued by states, municipalities, public authorities and other governmental entities, including Build America Bonds and similar securities.