Short Interest in Nuveen Select Maturities Municipal Fund (NYSE:NIM) Decreases By 14.6%

Nuveen Select Maturities Municipal Fund (NYSE:NIM) was the recipient of a large decline in short interest in February. As of February 28th, there was short interest totalling 8,200 shares, a decline of 14.6% from the February 13th total of 9,600 shares. Based on an average daily volume of 50,500 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Nuveen Select Maturities Municipal Fund

A number of institutional investors have recently modified their holdings of the business. Nomura Holdings Inc. purchased a new stake in Nuveen Select Maturities Municipal Fund during the fourth quarter worth $192,000. Logan Stone Capital LLC grew its holdings in shares of Nuveen Select Maturities Municipal Fund by 16.2% during the fourth quarter. Logan Stone Capital LLC now owns 70,119 shares of the company’s stock worth $611,000 after buying an additional 9,755 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Nuveen Select Maturities Municipal Fund during the fourth quarter worth about $404,000. Ancora Advisors LLC grew its holdings in shares of Nuveen Select Maturities Municipal Fund by 725.0% during the fourth quarter. Ancora Advisors LLC now owns 18,207 shares of the company’s stock worth $159,000 after buying an additional 16,000 shares in the last quarter. Finally, South Plains Financial Inc. purchased a new stake in shares of Nuveen Select Maturities Municipal Fund during the fourth quarter worth about $37,000. 32.23% of the stock is currently owned by hedge funds and other institutional investors.

Nuveen Select Maturities Municipal Fund Price Performance

Shares of NYSE NIM traded down $0.16 during midday trading on Wednesday, hitting $9.20. 6,173 shares of the company’s stock were exchanged, compared to its average volume of 31,462. Nuveen Select Maturities Municipal Fund has a twelve month low of $8.60 and a twelve month high of $9.58. The firm’s fifty day simple moving average is $9.06 and its 200-day simple moving average is $9.08.

Nuveen Select Maturities Municipal Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a $0.0275 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 3.59%.

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.