Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Stock Short Interest Report for October

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) was the recipient of a significant growth in short interest in October. As of October 30th, there was short interest totaling 28,401 shares, a growth of 678.3% from the October 15th total of 3,649 shares. Based on an average daily trading volume, of 221,509 shares, the short-interest ratio is currently 0.1 days.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Price Performance

GBAB stock opened at $12.60 on Friday. The company’s 50-day moving average price is $12.80 and its two-hundred day moving average price is $14.00. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 12 month low of $12.31 and a 12 month high of $15.73.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 13th will be given a dividend of $0.1257 per share. The ex-dividend date is Friday, November 13th. This represents a $1.51 annualized dividend and a dividend yield of 12.0%. This is a negative change from Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust’s previous monthly dividend of $0.1257.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. StoneX Group Inc. acquired a new position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the third quarter valued at approximately $4,561,000. Rivernorth Capital Management LLC acquired a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 2nd quarter valued at $4,178,000. Bank of America Corp DE boosted its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 10.0% in the 1st 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 in the last quarter. Venture Visionary Partners LLC boosted its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 26.8% in the 3rd 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 in the last quarter. Finally, NewEdge Advisors LLC bought a new position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 1st quarter valued at $417,000.

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.