Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Sees Significant Drop in Short Interest

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) was the recipient of a large 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 daily trading volume, of 205,412 shares, the days-to-cover ratio is presently 0.0 days.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sit Investment Associates Inc. raised its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 11.9% in the fourth quarter. Sit Investment Associates Inc. now owns 696,506 shares of the investment management company’s stock worth $10,392,000 after buying an additional 74,078 shares in the last quarter. Bank of America Corp DE raised its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 10.0% during 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 buying an additional 53,498 shares in the last quarter. Rivernorth Capital Management LLC purchased a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 2nd quarter valued at $4,178,000. Cooper Financial Group lifted its holdings 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 during the last quarter. Finally, Venture Visionary Partners LLC lifted its holdings 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 during the last quarter.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Price Performance

Shares of NYSE:GBAB traded up $0.06 during midday trading on Friday, reaching $12.46. The company had a trading volume of 113,446 shares, compared to its average volume of 107,919. The company’s 50 day moving average price is $13.27 and its 200 day moving average price is $13.86. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 52-week low of $12.31 and a 52-week high of $15.80.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be paid a $0.1257 dividend. The ex-dividend date is Thursday, October 15th. This represents a $1.51 annualized dividend and a dividend yield of 12.1%.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Company Profile

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.