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 large decrease in short interest in 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 trading volume of 190,849 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in GBAB. Integrity Wealth Partners LLC acquired a new position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 1st quarter worth about $254,000. MGO One Seven LLC lifted its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 14.3% in the 3rd quarter. MGO One Seven LLC now owns 27,383 shares of the investment management company’s stock valued at $341,000 after buying an additional 3,424 shares in the last quarter. Fortitude Advisory Group L.L.C. lifted its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 28.4% in the 3rd 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. NewEdge Advisors LLC purchased a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 1st quarter worth approximately $417,000. Finally, Cetera Investment Advisers increased its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 2.7% during the 1st quarter. Cetera Investment Advisers now owns 56,395 shares of the investment management company’s stock worth $818,000 after buying an additional 1,487 shares in the last quarter.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Price Performance

Shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock traded up $0.06 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. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 1 year low of $12.31 and a 1 year high of $15.77. The firm has a fifty day moving average price of $12.95 and a 200-day moving average price of $14.10.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Thursday, October 15th were issued a $0.1257 dividend. This represents a $1.51 annualized dividend and a yield of 11.9%. The ex-dividend date of this dividend was Thursday, October 15th.

About Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

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.