Short Interest in Nuveen Select Maturities Municipal Fund (NYSE:NIM) Declines By 50.2%

Nuveen Select Maturities Municipal Fund (NYSE:NIM) was the recipient of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 9,526 shares, a drop of 50.2% from the April 30th total of 19,143 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 22,653 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of Nuveen Select Maturities Municipal Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in NIM. Susquehanna International Group LLP acquired a new stake in Nuveen Select Maturities Municipal Fund in the third quarter worth about $93,000. Sightline Wealth Advisors LLC lifted its holdings in shares of Nuveen Select Maturities Municipal Fund by 21.1% during the 4th quarter. Sightline Wealth Advisors LLC now owns 14,715 shares of the company’s stock valued at $137,000 after purchasing an additional 2,563 shares in the last quarter. Sax Wealth Advisors LLC bought a new position in shares of Nuveen Select Maturities Municipal Fund during the 4th quarter valued at about $170,000. Wealth Enhancement Advisory Services LLC bought a new stake in Nuveen Select Maturities Municipal Fund in the 4th quarter valued at approximately $197,000. Finally, Ackerman Capital Advisors LLC lifted its stake in Nuveen Select Maturities Municipal Fund by 18.8% in the 4th 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 in the last quarter. 32.23% of the stock is currently owned by institutional investors and hedge funds.

Nuveen Select Maturities Municipal Fund Stock Performance

Nuveen Select Maturities Municipal Fund stock traded down $0.02 during mid-day trading on Monday, hitting $9.33. 9,291 shares of the company were exchanged, compared to its average volume of 23,539. The business has a fifty day moving average of $9.38 and a 200 day moving average of $9.43. Nuveen Select Maturities Municipal Fund has a 1-year low of $8.93 and a 1-year high of $9.94.

Nuveen Select Maturities Municipal Fund Announces Dividend

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

About Nuveen Select Maturities Municipal Fund

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.