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

Nuveen Select Maturities Municipal Fund (NYSE:NIM) was the target of a significant growth in short interest in 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 trading volume of 28,125 shares, the short-interest ratio is currently 0.8 days. Currently, 0.2% of the company’s stock are short sold.

Nuveen Select Maturities Municipal Fund Stock Performance

NIM traded up $0.02 on Friday, hitting $9.28. 9,690 shares of the company were exchanged, compared to its average volume of 16,946. Nuveen Select Maturities Municipal Fund has a 12 month low of $8.93 and a 12 month high of $9.94. The stock’s fifty day moving average is $9.33 and its 200-day moving average is $9.42.

Nuveen Select Maturities Municipal Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be issued a dividend of $0.029 per share. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date is Monday, June 15th.

Institutional Trading of Nuveen Select Maturities Municipal Fund

Several institutional investors and hedge funds have recently bought and sold shares of NIM. Royal Bank of Canada raised its stake in Nuveen Select Maturities Municipal Fund by 9.1% in the first quarter. Royal Bank of Canada now owns 85,021 shares of the company’s stock valued at $792,000 after buying an additional 7,101 shares during the period. Osaic Holdings Inc. raised its stake in Nuveen Select Maturities Municipal Fund by 58.8% in the second quarter. Osaic Holdings Inc. now owns 33,742 shares of the company’s stock valued at $306,000 after buying an additional 12,500 shares during the period. Whipplewood Advisors LLC raised its stake in Nuveen Select Maturities Municipal Fund by 4.3% in the third quarter. Whipplewood Advisors LLC now owns 153,172 shares of the company’s stock valued at $1,418,000 after buying an additional 6,376 shares during the period. Uhlmann Price Securities LLC raised its stake in Nuveen Select Maturities Municipal Fund by 4.2% in the third quarter. Uhlmann Price Securities LLC now owns 82,287 shares of the company’s stock valued at $762,000 after buying an additional 3,306 shares during the period. Finally, UBS Group AG raised its stake in Nuveen Select Maturities Municipal Fund by 1.8% in the third quarter. UBS Group AG now owns 173,515 shares of the company’s stock valued at $1,607,000 after buying an additional 3,087 shares during the period. Institutional investors 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.