Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Shares Shorted: Short Interest Up 678.3% in October

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

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. HighTower Advisors LLC acquired a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the third quarter valued at approximately $125,000. MGO One Seven LLC lifted its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 14.3% during the third quarter. MGO One Seven LLC now owns 27,383 shares of the investment management company’s stock worth $341,000 after purchasing an additional 3,424 shares in the last quarter. NewEdge Advisors LLC acquired a new position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the first quarter worth $417,000. Fortitude Advisory Group L.L.C. boosted 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 valued at $377,000 after purchasing an additional 6,709 shares during the period. Finally, Commonwealth Equity Services LLC boosted its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 6.8% in the third quarter. Commonwealth Equity Services LLC now owns 48,635 shares of the investment management company’s stock valued at $605,000 after purchasing an additional 3,077 shares during the period.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Price Performance

NYSE:GBAB opened at $12.81 on Wednesday. The business’s 50-day moving average is $12.84 and its two-hundred day moving average is $14.03. 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 business also recently announced a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 13th will be issued a dividend of $0.1257 per share. This represents a $1.51 annualized dividend and a dividend yield of 11.8%. The ex-dividend date is Friday, November 13th. This is a decrease from Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust’s previous monthly dividend of $0.1257.

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.