Short Interest in Nuveen Select Maturities Municipal Fund (NYSE:NIM) Drops By 36.8%

Nuveen Select Maturities Municipal Fund (NYSE:NIM) was the target of a significant decline in short interest in November. As of November 15th, there was short interest totalling 12,000 shares, a decline of 36.8% from the October 31st total of 19,000 shares. Based on an average daily trading volume, of 27,800 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of Nuveen Select Maturities Municipal Fund

A number of large investors have recently made changes to their positions in the company. Tortoise Investment Management LLC boosted its stake in shares of Nuveen Select Maturities Municipal Fund by 12.4% during the second quarter. Tortoise Investment Management LLC now owns 598,517 shares of the company’s stock worth $5,411,000 after buying an additional 66,210 shares during the period. Wolverine Asset Management LLC lifted its holdings in shares of Nuveen Select Maturities Municipal Fund by 35.4% in the 2nd quarter. Wolverine Asset Management LLC now owns 105,936 shares of the company’s stock valued at $958,000 after buying an additional 27,703 shares during the period. Truist Financial Corp raised its position in Nuveen Select Maturities Municipal Fund by 13.0% in the second quarter. Truist Financial Corp now owns 13,000 shares of the company’s stock worth $118,000 after acquiring an additional 1,500 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in shares of Nuveen Select Maturities Municipal Fund by 4.2% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 121,947 shares of the company’s stock worth $1,129,000 after purchasing an additional 4,906 shares in the last quarter. Finally, Ackerman Capital Advisors LLC purchased a new position in shares of Nuveen Select Maturities Municipal Fund in the 3rd quarter valued at about $101,000. 32.23% of the stock is owned by institutional investors and hedge funds.

Nuveen Select Maturities Municipal Fund Stock Up 0.4 %

NYSE:NIM traded up $0.04 during mid-day trading on Thursday, hitting $8.97. The stock had a trading volume of 56,915 shares, compared to its average volume of 26,660. Nuveen Select Maturities Municipal Fund has a twelve month low of $8.64 and a twelve month high of $9.49. The stock has a 50-day simple moving average of $9.16 and a two-hundred day simple moving average of $9.11.

Nuveen Select Maturities Municipal Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be issued a dividend of $0.0275 per share. The ex-dividend date is Friday, November 15th. This represents a $0.33 dividend on an annualized basis and a yield of 3.68%.

Nuveen Select Maturities Municipal Fund Company Profile

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.