Nuveen Select Maturities Municipal Fund (NYSE:NIM) Stock Short Interest Report for October

Nuveen Select Maturities Municipal Fund (NYSE:NIM) saw a large decline in short interest in October. As of October 15th, there was short interest totaling 10,068 shares, a decline of 42.8% from the September 30th total of 17,587 shares. Based on an average daily volume of 41,553 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Trading of Nuveen Select Maturities Municipal Fund

A number of large investors have recently made changes to their positions in the stock. Blake Schutter Theil Wealth Advisors LLC grew its position in shares of Nuveen Select Maturities Municipal Fund by 13.0% in the first quarter. Blake Schutter Theil Wealth Advisors LLC now owns 181,427 shares of the company’s stock valued at $1,714,000 after purchasing an additional 20,878 shares during the period. Bank of America Corp DE grew its holdings 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 buying an additional 1,552 shares during the period. Royal Bank of Canada increased its stake in shares of Nuveen Select Maturities Municipal Fund by 5.3% during 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 last quarter. Stephens Inc. AR increased its stake in shares of Nuveen Select Maturities Municipal Fund by 6.4% during 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 last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Nuveen Select Maturities Municipal Fund by 22.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 31,692 shares of the company’s stock worth $299,000 after acquiring an additional 5,731 shares during the period. Institutional investors and hedge funds own 32.23% of the company’s stock.

Nuveen Select Maturities Municipal Fund Price Performance

Shares of NYSE NIM traded down $0.05 during trading on Monday, hitting $9.21. 34,389 shares of the company were exchanged, compared to its average volume of 21,854. Nuveen Select Maturities Municipal Fund has a 1 year low of $8.46 and a 1 year high of $9.94. The firm’s fifty day moving average price is $8.98 and its 200 day moving average price is $9.31.

Nuveen Select Maturities Municipal Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 15th will be given a dividend of $0.0290 per share. This represents a $0.35 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Thursday, October 15th.

Nuveen Select Maturities Municipal Fund Company Profile

Nuveen Select Maturities Municipal Fund (NYSE: NIM) is a closed-end investment company managed by Nuveen Asset Management, an investment manager within the TIAA organization. The fund is designed for investors seeking income that is generally exempt from regular federal income tax.

NIM invests primarily in a diversified portfolio of municipal bonds and other municipal obligations issued by states, cities, counties, territories, and related public entities in the United States. Its portfolio emphasizes securities with relatively short to intermediate maturities, which can provide exposure to the municipal bond market while seeking to manage interest-rate sensitivity.

The fund’s investments may support public-sector activities such as schools, transportation systems, utilities, healthcare facilities, and other community infrastructure.