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 recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 3,649 shares, a decline of 51.3% from the September 30th total of 7,487 shares. Based on an average daily volume of 190,849 shares, the short-interest ratio is presently 0.0 days.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Price Performance

Shares of NYSE GBAB traded up $0.06 during midday trading on Friday, hitting $12.73. 264,356 shares of the company traded hands, compared to its average volume of 113,905. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 12-month low of $12.31 and a 12-month high of $15.77. The stock has a 50-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 business also recently declared a monthly dividend, which was paid on Friday, October 30th. Stockholders of record on Thursday, October 15th were given a $0.1257 dividend. This represents a $1.51 dividend on an annualized basis and a dividend yield of 11.9%. The ex-dividend date of this dividend was Thursday, October 15th.

Institutional Trading of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

Several hedge funds and other institutional investors have recently made changes to their positions in GBAB. Integrity Wealth Partners LLC purchased a new position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the first quarter valued at $254,000. MGO One Seven LLC boosted its holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 14.3% in the third quarter. MGO One Seven LLC now owns 27,383 shares of the investment management company’s stock worth $341,000 after acquiring an additional 3,424 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the first quarter worth $417,000. Fortitude Advisory Group L.L.C. grew its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 28.4% in the third quarter. Fortitude Advisory Group L.L.C. now owns 30,294 shares of the investment management company’s stock worth $377,000 after acquiring an additional 6,709 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 2.7% in the first quarter. Cetera Investment Advisers now owns 56,395 shares of the investment management company’s stock worth $818,000 after acquiring an additional 1,487 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.