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

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

Hedge Funds Weigh In On Nuveen Select Maturities Municipal Fund

A number of hedge funds have recently modified their holdings of NIM. Ackerman Capital Advisors LLC acquired a new position in shares of Nuveen Select Maturities Municipal Fund during the third quarter worth $101,000. Truist Financial Corp lifted its holdings in shares of Nuveen Select Maturities Municipal Fund by 13.0% during the second quarter. Truist Financial Corp now owns 13,000 shares of the company’s stock worth $118,000 after purchasing an additional 1,500 shares during the period. Stephens Inc. AR lifted its holdings in shares of Nuveen Select Maturities Municipal Fund by 15.6% during the third quarter. Stephens Inc. AR now owns 29,700 shares of the company’s stock worth $275,000 after purchasing an additional 4,000 shares during the period. Dorsey & Whitney Trust CO LLC lifted its holdings in shares of Nuveen Select Maturities Municipal Fund by 5.2% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 30,600 shares of the company’s stock worth $275,000 after purchasing an additional 1,500 shares during the period. Finally, Schwarz Dygos Wheeler Investment Advisors LLC lifted its holdings in Nuveen Select Maturities Municipal Fund by 4.6% in the first quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 33,900 shares of the company’s stock valued at $305,000 after buying an additional 1,500 shares during the period. Institutional investors and hedge funds own 32.23% of the company’s stock.

Nuveen Select Maturities Municipal Fund Price Performance

Shares of NYSE:NIM traded down $0.11 during mid-day trading on Wednesday, reaching $9.02. 34,367 shares of the company’s stock were exchanged, compared to its average volume of 26,102. The business’s fifty day moving average price is $9.30 and its 200-day moving average price is $9.09. Nuveen Select Maturities Municipal Fund has a twelve month low of $8.50 and a twelve month high of $9.49.

Nuveen Select Maturities Municipal Fund Dividend Announcement

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

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.