Nuveen Select Maturities Municipal Fund (NYSE:NIM) Short Interest Update

Nuveen Select Maturities Municipal Fund (NYSE:NIM) was the target of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 9,526 shares, a decline of 50.2% from the April 30th total of 19,143 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 22,653 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On Nuveen Select Maturities Municipal Fund

A number of hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its stake in shares of 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 worth $1,384,000 after buying an additional 1,552 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of 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 worth $1,081,000 after buying an additional 5,802 shares during the last quarter. Blake Schutter Theil Wealth Advisors LLC boosted its stake in shares of 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 worth $1,714,000 after buying an additional 20,878 shares during the last quarter. Stephens Inc. AR boosted its stake in shares of Nuveen Select Maturities Municipal Fund by 6.4% in the 1st quarter. Stephens Inc. AR now owns 41,500 shares of the company’s stock worth $392,000 after buying an additional 2,500 shares during the last quarter. Finally, Uhlmann Price Securities LLC boosted its stake in shares of Nuveen Select Maturities Municipal Fund by 6.7% in the 1st quarter. Uhlmann Price Securities LLC now owns 92,138 shares of the company’s stock worth $871,000 after buying an additional 5,809 shares during the last quarter. Institutional investors and hedge funds own 32.23% of the company’s stock.

Nuveen Select Maturities Municipal Fund Price Performance

NIM stock traded down $0.05 during mid-day trading on Tuesday, reaching $9.28. 8,377 shares of the company traded hands, compared to its average volume of 23,325. 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 moving average price is $9.37 and its 200 day moving average price is $9.43.

Nuveen Select Maturities Municipal Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be paid a dividend of $0.029 per share. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 3.8%.

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.