Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Stock Short Interest Report for October

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. HighTower Advisors LLC acquired a new position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the third quarter worth approximately $125,000. StoneX Group Inc. purchased a new position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 3rd quarter worth $4,561,000. Commonwealth Equity Services LLC raised its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 6.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 48,635 shares of the investment management company’s stock worth $605,000 after buying an additional 3,077 shares during the period. 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 valued at $341,000 after acquiring an additional 3,424 shares during the last quarter. Finally, Fortitude Advisory Group L.L.C. boosted its holdings in 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 acquiring an additional 6,709 shares during the last quarter.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Trading Down 2.2%

NYSE GBAB opened at $12.81 on Wednesday. The business’s 50-day moving average price is $12.84 and its 200 day moving average price is $14.03. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a twelve month low of $12.31 and a twelve month high of $15.73.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 13th will be paid a dividend of $0.1257 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $1.51 dividend on an annualized basis and a dividend yield of 11.8%. This is a decrease from Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust’s previous monthly dividend of $0.1257.

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.