Nuveen Select Maturities Municipal Fund (NYSE:NIM) Short Interest Down 50.2% in May

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

Nuveen Select Maturities Municipal Fund Price Performance

NIM stock traded down $0.02 during trading on Wednesday, reaching $9.24. 7,082 shares of the company were exchanged, compared to its average volume of 19,638. The company has a 50-day moving average of $9.37 and a two-hundred day moving average of $9.43. Nuveen Select Maturities Municipal Fund has a twelve month low of $8.93 and a twelve month high of $9.94.

Nuveen Select Maturities Municipal Fund Dividend Announcement

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

Hedge Funds Weigh In On Nuveen Select Maturities Municipal Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE increased 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 during the period. Royal Bank of Canada increased 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 during the period. Blake Schutter Theil Wealth Advisors LLC increased 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 during the period. Stephens Inc. AR increased its position in 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 valued at $392,000 after acquiring an additional 2,500 shares during the period. Finally, Uhlmann Price Securities LLC increased its position in 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 valued at $871,000 after acquiring an additional 5,809 shares during the period. 32.23% of the stock is currently owned by institutional investors and hedge funds.

About Nuveen Select Maturities Municipal Fund

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.