Short Interest in Nuveen Select Maturities Municipal Fund (NYSE:NIM) Increases By 123.2%

Nuveen Select Maturities Municipal Fund (NYSE:NIM) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 21,260 shares, an increase of 123.2% from the May 14th total of 9,526 shares. Based on an average trading volume of 28,125 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.2% of the company’s stock are short sold.

Nuveen Select Maturities Municipal Fund Stock Up 0.2%

Shares of NYSE NIM opened at $9.28 on Friday. Nuveen Select Maturities Municipal Fund has a fifty-two week low of $8.93 and a fifty-two week high of $9.94. The firm’s 50-day simple moving average is $9.33 and its 200 day simple moving average is $9.42.

Nuveen Select Maturities Municipal Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be given a $0.029 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a yield of 3.8%.

Hedge Funds Weigh In On Nuveen Select Maturities Municipal Fund

Several large investors have recently added to or reduced their stakes in the business. Blake Schutter Theil Wealth Advisors LLC lifted its position in Nuveen Select Maturities Municipal Fund by 13.0% in the 1st quarter. Blake Schutter Theil Wealth Advisors LLC now owns 181,427 shares of the company’s stock valued at $1,714,000 after acquiring an additional 20,878 shares in the last quarter. UBS Group AG lifted its position in Nuveen Select Maturities Municipal Fund by 1.8% in the 3rd quarter. UBS Group AG now owns 173,515 shares of the company’s stock valued at $1,607,000 after acquiring an additional 3,087 shares in the last quarter. Whipplewood Advisors LLC lifted its position in Nuveen Select Maturities Municipal Fund by 4.3% in the 3rd quarter. Whipplewood Advisors LLC now owns 153,172 shares of the company’s stock valued at $1,418,000 after acquiring an additional 6,376 shares in the last quarter. Bank of America Corp DE lifted its position in Nuveen Select Maturities Municipal Fund by 1.1% in the 1st quarter. Bank of America Corp DE now owns 146,467 shares of the company’s stock valued at $1,384,000 after acquiring an additional 1,552 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in Nuveen Select Maturities Municipal Fund by 5.3% in the 1st quarter. Royal Bank of Canada now owns 114,492 shares of the company’s stock valued at $1,081,000 after acquiring an additional 5,802 shares in the last quarter. Institutional investors own 32.23% of the company’s stock.

Nuveen Select Maturities Municipal Fund Company Profile

Nuveen Select Maturities Municipal Fund (NYSE: NIM) is a diversified, closed-end management investment company managed by Nuveen Asset Management, a subsidiary of TIAA. Launched in January 2012, the fund seeks to provide shareholders with tax-exempt income by investing primarily in a broad range of municipal securities. Its portfolio is structured around a laddered maturity approach, which aims to balance yield opportunities with interest rate risk management across various maturity segments.

The fund’s investment strategy focuses on acquiring investment-grade and high-yield municipal bonds issued by state and local governments across the United States.