Nuveen Select Maturities Municipal Fund (NYSE:NIM) Short Interest Update

Nuveen Select Maturities Municipal Fund (NYSE:NIM) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totalling 17,000 shares, a decline of 14.6% from the September 30th total of 19,900 shares. Based on an average daily volume of 24,900 shares, the short-interest ratio is presently 0.7 days.

Nuveen Select Maturities Municipal Fund Trading Down 1.2 %

NIM traded down $0.11 during midday trading on Wednesday, hitting $9.02. The company had a trading volume of 34,367 shares, compared to its average volume of 26,102. Nuveen Select Maturities Municipal Fund has a 52 week low of $8.50 and a 52 week high of $9.49. The stock’s 50 day moving average price is $9.30 and its 200 day moving average price is $9.09.

Nuveen Select Maturities Municipal Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be paid a $0.0275 dividend. This represents a $0.33 annualized dividend and a yield of 3.66%. The ex-dividend date is Tuesday, October 15th.

Institutional Investors Weigh In On Nuveen Select Maturities Municipal Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dorsey & Whitney Trust CO LLC lifted its position in Nuveen Select Maturities Municipal Fund by 5.2% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 30,600 shares of the company’s stock valued at $275,000 after acquiring an additional 1,500 shares in the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC lifted its position in Nuveen Select Maturities Municipal Fund by 4.6% in the 1st quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 33,900 shares of the company’s stock valued at $305,000 after acquiring an additional 1,500 shares in the last quarter. Truist Financial Corp boosted its holdings in Nuveen Select Maturities Municipal Fund by 13.0% during the 2nd quarter. Truist Financial Corp now owns 13,000 shares of the company’s stock worth $118,000 after acquiring an additional 1,500 shares during the last quarter. Stephens Inc. AR boosted its holdings in Nuveen Select Maturities Municipal Fund by 15.6% during the 3rd quarter. Stephens Inc. AR now owns 29,700 shares of the company’s stock worth $275,000 after acquiring an additional 4,000 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in Nuveen Select Maturities Municipal Fund by 4.2% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 121,947 shares of the company’s stock worth $1,129,000 after acquiring an additional 4,906 shares during the last quarter. 32.23% of the stock is owned by institutional investors.

About Nuveen Select Maturities Municipal Fund

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.