Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Shares Shorted: Short Interest Down 51.2% in September

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) was the recipient of a significant drop in short interest in the month of 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 volume of 205,412 shares, the days-to-cover ratio is presently 0.0 days.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Trading Down 0.5%

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock traded down $0.06 on Wednesday, hitting $12.42. The company’s stock had a trading volume of 198,880 shares, compared to its average volume of 106,098. The company has a fifty day moving average price of $13.33 and a 200-day moving average price of $13.89. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a one year low of $12.31 and a one year high of $15.80.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Announces Dividend

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 given a dividend of $0.1257 per share. This represents a $1.51 annualized dividend and a dividend yield of 12.1%. The ex-dividend date is Thursday, October 15th.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Venture Visionary Partners LLC raised its position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 26.8% in the third quarter. Venture Visionary Partners LLC now owns 179,622 shares of the investment management company’s stock worth $2,234,000 after purchasing an additional 38,000 shares in the last quarter. Cooper Financial Group lifted its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 9.5% during the third quarter. Cooper Financial Group now owns 179,970 shares of the investment management company’s stock worth $2,239,000 after purchasing an additional 15,602 shares during the period. NewEdge Advisors LLC boosted its holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 45.2% during the second quarter. NewEdge Advisors LLC now owns 41,727 shares of the investment management company’s stock valued at $603,000 after purchasing an additional 12,993 shares in the last quarter. Rivernorth Capital Management LLC acquired a new position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 2nd quarter worth approximately $4,178,000. Finally, Wedbush Securities Inc. lifted its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 10.1% during the 2nd quarter. Wedbush Securities Inc. now owns 77,972 shares of the investment management company’s stock worth $1,127,000 after buying an additional 7,121 shares during the period.

About Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

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.