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 decrease in short interest during the month of September. As of September 30th, there was short interest totaling 7,487 shares, a decrease 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 currently 0.0 days.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sit Investment Associates Inc. boosted its holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 11.9% in the 4th quarter. Sit Investment Associates Inc. now owns 696,506 shares of the investment management company’s stock valued at $10,392,000 after purchasing an additional 74,078 shares during the period. Bank of America Corp DE increased its holdings 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 worth $8,545,000 after purchasing an additional 53,498 shares during the period. Rivernorth Capital Management LLC bought a new position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 2nd quarter worth about $4,178,000. Cooper Financial Group raised its position in shares of 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 valued at $2,239,000 after buying an additional 15,602 shares during the last quarter. Finally, Venture Visionary Partners LLC raised its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 26.8% during the third quarter. Venture Visionary Partners LLC now owns 179,622 shares of the investment management company’s stock valued at $2,234,000 after buying an additional 38,000 shares during the last quarter.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Price Performance

Shares of NYSE:GBAB traded down $0.06 on Wednesday, reaching $12.42. The company had a trading volume of 198,880 shares, compared to its average volume of 106,098. The stock has a 50-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 twelve month low of $12.31 and a twelve month high of $15.80.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Announces Dividend

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

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.