Short Interest in Nuveen Select Maturities Municipal Fund (NYSE:NIM) Increases By 123.2%

Nuveen Select Maturities Municipal Fund (NYSE:NIM) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 21,260 shares, a growth of 123.2% from the May 14th total of 9,526 shares. Based on an average daily volume of 28,125 shares, the short-interest ratio is presently 0.8 days. Currently, 0.2% of the company’s stock are sold short.

Hedge Funds Weigh In On Nuveen Select Maturities Municipal Fund

Several institutional investors have recently made changes to their positions in NIM. Blake Schutter Theil Wealth Advisors LLC raised its holdings in shares of Nuveen Select Maturities Municipal Fund by 24.4% during the fourth quarter. Blake Schutter Theil Wealth Advisors LLC now owns 160,549 shares of the company’s stock valued at $1,495,000 after purchasing an additional 31,457 shares during the period. Worthington Financial Partners LLC acquired a new position in shares of Nuveen Select Maturities Municipal Fund during the fourth quarter valued at about $270,000. Truist Financial Corp acquired a new stake in shares of Nuveen Select Maturities Municipal Fund in the 4th quarter worth about $262,000. Wealth Enhancement Advisory Services LLC bought a new position in Nuveen Select Maturities Municipal Fund in the 4th quarter valued at about $197,000. Finally, Sax Wealth Advisors LLC bought a new position in Nuveen Select Maturities Municipal Fund in the 4th quarter valued at about $170,000. Institutional investors and hedge funds own 32.23% of the company’s stock.

Nuveen Select Maturities Municipal Fund Trading Up 0.2%

Shares of NYSE NIM opened at $9.28 on Friday. The firm’s 50-day moving average price is $9.33 and its 200-day moving average price is $9.42. 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 Wednesday, July 1st. Stockholders of record on Monday, June 15th will be issued a dividend of $0.029 per share. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 3.8%.

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.