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 in June. As of June 15th, there was short interest totaling 11,416 shares, a decline of 46.3% from the May 31st total of 21,260 shares. Based on an average trading volume of 7,888 shares, the short-interest ratio is currently 1.4 days. Approximately 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On Nuveen Select Maturities Municipal Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE boosted its stake 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 in the last quarter. Stephens Inc. AR raised its stake in Nuveen Select Maturities Municipal Fund by 6.4% during the first quarter. Stephens Inc. AR now owns 41,500 shares of the company’s stock worth $392,000 after acquiring an additional 2,500 shares in the last quarter. Sightline Wealth Advisors LLC raised its stake in Nuveen Select Maturities Municipal Fund by 21.1% during the fourth quarter. Sightline Wealth Advisors LLC now owns 14,715 shares of the company’s stock worth $137,000 after acquiring an additional 2,563 shares in the last quarter. UBS Group AG lifted its holdings in shares of Nuveen Select Maturities Municipal Fund by 1.8% during the third 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 during the period. Finally, Ackerman Capital Advisors LLC lifted its holdings in shares of Nuveen Select Maturities Municipal Fund by 18.8% during the fourth quarter. Ackerman Capital Advisors LLC now owns 24,401 shares of the company’s stock valued at $227,000 after acquiring an additional 3,861 shares during the period. Institutional investors own 32.23% of the company’s stock.

Nuveen Select Maturities Municipal Fund Price Performance

NYSE NIM opened at $9.43 on Tuesday. Nuveen Select Maturities Municipal Fund has a twelve month low of $8.97 and a twelve month high of $9.94. The company’s 50-day simple moving average is $9.29 and its 200 day simple moving average is $9.42.

Nuveen Select Maturities Municipal Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be paid a $0.029 dividend. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Monday, June 15th.

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.