Short Interest in Nuveen Select Maturities Municipal Fund (NYSE:NIM) Decreases By 46.3%

Nuveen Select Maturities Municipal Fund (NYSE:NIM) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 11,416 shares, a decline of 46.3% from the May 31st total of 21,260 shares. Based on an average trading volume of 7,888 shares, the short-interest ratio is presently 1.4 days. Currently, 0.1% of the company’s shares are sold short.

Nuveen Select Maturities Municipal Fund Trading Down 0.3%

Shares of NYSE NIM traded down $0.03 during midday trading on Thursday, reaching $9.44. 6,965 shares of the stock were exchanged, compared to its average volume of 18,180. The business has a 50-day simple moving average of $9.29 and a two-hundred day simple moving average of $9.42. Nuveen Select Maturities Municipal Fund has a 12 month low of $8.97 and a 12 month high of $9.94.

Nuveen Select Maturities Municipal Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Investors of record on Wednesday, July 15th will be given a $0.029 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 3.7%.

Hedge Funds Weigh In On Nuveen Select Maturities Municipal Fund

A number of institutional investors have recently bought and sold shares of the business. Susquehanna International Group LLP bought a new position in Nuveen Select Maturities Municipal Fund during the 3rd quarter worth $93,000. Sightline Wealth Advisors LLC raised its position in 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 worth $137,000 after purchasing an additional 2,563 shares during the last quarter. Sax Wealth Advisors LLC acquired a new position in shares of Nuveen Select Maturities Municipal Fund in the 4th quarter worth approximately $170,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Nuveen Select Maturities Municipal Fund during the 4th quarter worth approximately $197,000. Finally, Ackerman Capital Advisors LLC boosted its holdings in Nuveen Select Maturities Municipal Fund by 18.8% in the fourth quarter. Ackerman Capital Advisors LLC now owns 24,401 shares of the company’s stock worth $227,000 after acquiring an additional 3,861 shares in the last quarter. Institutional investors and hedge funds own 32.23% of the company’s stock.

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.