Nuveen Select Maturities Municipal Fund (NYSE:NIM) Short Interest Down 46.3% in June

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

Nuveen Select Maturities Municipal Fund Trading Up 0.3%

Nuveen Select Maturities Municipal Fund stock traded up $0.03 during mid-day trading on Wednesday, reaching $9.45. The stock had a trading volume of 7,078 shares, compared to its average volume of 10,235. Nuveen Select Maturities Municipal Fund has a fifty-two week low of $8.97 and a fifty-two week high of $9.94. The stock’s 50-day simple moving average is $9.29 and its 200-day simple moving average is $9.42.

Nuveen Select Maturities Municipal Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be issued a dividend of $0.029 per share. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Monday, June 15th.

Institutional Investors Weigh In On Nuveen Select Maturities Municipal Fund

A number of institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its stake in shares of Nuveen Select Maturities Municipal Fund by 1.1% during the 1st quarter. Bank of America Corp DE now owns 146,467 shares of the company’s stock worth $1,384,000 after purchasing an additional 1,552 shares during the period. Stephens Inc. AR grew its position in Nuveen Select Maturities Municipal Fund by 6.4% during the first quarter. Stephens Inc. AR now owns 41,500 shares of the company’s stock valued at $392,000 after buying an additional 2,500 shares during the period. Sightline Wealth Advisors LLC increased its holdings in Nuveen Select Maturities Municipal Fund by 21.1% during the fourth quarter. Sightline Wealth Advisors LLC now owns 14,715 shares of the company’s stock worth $137,000 after buying an additional 2,563 shares during the last quarter. UBS Group AG raised its position 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 worth $1,607,000 after acquiring an additional 3,087 shares during the period. Finally, Ackerman Capital Advisors LLC raised its position 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 during the period. 32.23% of the stock is owned by institutional investors.

Nuveen Select Maturities Municipal Fund Company Profile

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.