Nuveen Select Maturities Municipal Fund (NYSE:NIM) Sees Significant Drop in Short Interest

Nuveen Select Maturities Municipal Fund (NYSE:NIM) saw a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 7,000 shares, a drop of 27.1% from the March 31st total of 9,600 shares. Based on an average daily trading volume, of 31,300 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Nuveen Select Maturities Municipal Fund

Several large investors have recently added to or reduced their stakes in the company. Signaturefd LLC purchased a new position in shares of Nuveen Select Maturities Municipal Fund during the fourth quarter valued at $40,000. Ackerman Capital Advisors LLC acquired a new position in shares of Nuveen Select Maturities Municipal Fund in the 1st quarter valued at about $91,000. Crestone Asset Management LLC purchased a new stake in shares of Nuveen Select Maturities Municipal Fund in the third quarter worth approximately $90,000. Wolverine Asset Management LLC lifted its position in shares of Nuveen Select Maturities Municipal Fund by 2,572.2% in the third quarter. Wolverine Asset Management LLC now owns 11,918 shares of the company’s stock worth $101,000 after purchasing an additional 11,472 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC boosted its holdings in shares of Nuveen Select Maturities Municipal Fund by 12.8% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 17,250 shares of the company’s stock worth $155,000 after purchasing an additional 1,961 shares during the period. 32.23% of the stock is owned by institutional investors and hedge funds.

Nuveen Select Maturities Municipal Fund Stock Performance

Shares of Nuveen Select Maturities Municipal Fund stock traded up $0.02 during trading on Friday, hitting $8.85. The stock had a trading volume of 17,208 shares, compared to its average volume of 20,987. Nuveen Select Maturities Municipal Fund has a 1 year low of $8.28 and a 1 year high of $9.45. The stock has a 50 day simple moving average of $8.92 and a 200 day simple moving average of $8.85.

Nuveen Select Maturities Municipal Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be given a dividend of $0.026 per share. This represents a $0.31 annualized dividend and a yield of 3.53%. The ex-dividend date is Friday, April 12th.

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.