Nuveen Select Maturities Municipal Fund (NYSE:NIM) Sees Significant Drop in Short Interest

Nuveen Select Maturities Municipal Fund (NYSE:NIM) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 7,000 shares, a decline of 27.1% from the March 31st total of 9,600 shares. Based on an average daily trading volume, of 31,300 shares, the days-to-cover ratio is currently 0.2 days.

Nuveen Select Maturities Municipal Fund Trading Up 0.2 %

NYSE NIM traded up $0.02 during trading hours on Friday, hitting $8.85. The company’s stock had a trading volume of 17,208 shares, compared to its average volume of 20,987. Nuveen Select Maturities Municipal Fund has a twelve month low of $8.28 and a twelve month high of $9.45. The stock has a fifty day moving average of $8.92 and a 200 day moving average of $8.85.

Nuveen Select Maturities Municipal Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be paid a $0.026 dividend. This represents a $0.31 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date is Friday, April 12th.

Institutional Investors Weigh In On Nuveen Select Maturities Municipal Fund

Institutional investors have recently made changes to their positions in the stock. Signaturefd LLC bought a new position in Nuveen Select Maturities Municipal Fund during the fourth quarter worth about $40,000. Ackerman Capital Advisors LLC bought a new position in Nuveen Select Maturities Municipal Fund during the 1st quarter worth approximately $91,000. Crestone Asset Management LLC acquired a new position in Nuveen Select Maturities Municipal Fund during the third quarter valued at approximately $90,000. Wolverine Asset Management LLC increased its stake in Nuveen Select Maturities Municipal Fund by 2,572.2% in the third quarter. Wolverine Asset Management LLC now owns 11,918 shares of the company’s stock valued at $101,000 after purchasing an additional 11,472 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC raised its holdings in Nuveen Select Maturities Municipal Fund by 12.8% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 17,250 shares of the company’s stock worth $155,000 after purchasing an additional 1,961 shares during the period. 32.23% of the stock is owned by institutional investors and hedge funds.

About Nuveen Select Maturities Municipal Fund

Nuveen Select Maturities Municipal Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund invests primarily in municipal securities rated Baa/BBB or better.