Nuveen Select Maturities Municipal Fund (NYSE:NIM) Shares Shorted: Short Interest Down 48.6% in September

Nuveen Select Maturities Municipal Fund (NYSE:NIM) saw a large decrease in short interest in September. As of September 15th, there was short interest totaling 12,434 shares, a decrease of 48.6% from the August 31st total of 24,205 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 20,960 shares, the days-to-cover ratio is currently 0.6 days.

Nuveen Select Maturities Municipal Fund Stock Up 0.0%

Shares of NYSE NIM traded up $0.00 during trading on Thursday, hitting $8.70. 56,362 shares of the company were exchanged, compared to its average volume of 19,685. Nuveen Select Maturities Municipal Fund has a 12-month low of $8.46 and a 12-month high of $9.94. The company has a fifty day moving average price of $9.16 and a 200-day moving average price of $9.30.

Nuveen Select Maturities Municipal Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be issued a $0.0290 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 4.0%.

Hedge Funds Weigh In On Nuveen Select Maturities Municipal Fund

A number of institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its stake in shares of Nuveen Select Maturities Municipal Fund by 22.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 31,692 shares of the company’s stock valued at $299,000 after buying an additional 5,731 shares during the period. Bank of America Corp DE raised its position in shares of Nuveen Select Maturities Municipal Fund by 1.1% during 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 lifted its holdings in Nuveen Select Maturities Municipal Fund by 5.3% in the first 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. Blake Schutter Theil Wealth Advisors LLC increased its stake in Nuveen Select Maturities Municipal Fund by 13.0% during the first quarter. Blake Schutter Theil Wealth Advisors LLC now owns 181,427 shares of the company’s stock worth $1,714,000 after acquiring an additional 20,878 shares during the last quarter. Finally, Stephens Inc. AR increased 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 during the last quarter. 32.23% of the stock is owned by hedge funds and other institutional investors.

Nuveen Select Maturities Municipal Fund Company Profile

Nuveen Select Maturities Municipal Fund is a closed-end fund listed on the New York Stock Exchange under the symbol NIM. The fund is managed by Nuveen, an asset manager specializing in investment solutions, and is designed to provide investors with exposure to the U.S. municipal bond market.

The fund invests primarily in municipal securities issued by states, municipalities and other public entities throughout the United States. These securities may help finance public infrastructure and services such as schools, transportation systems, utilities and hospitals.