Nuveen Select Maturities Municipal Fund (NYSE:NIM) Short Interest Up 111.9% in January

Nuveen Select Maturities Municipal Fund (NYSE:NIM) was the target of a significant growth in short interest in January. As of January 31st, there was short interest totalling 8,900 shares, a growth of 111.9% from the January 15th total of 4,200 shares. Based on an average daily trading volume, of 50,400 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Nuveen Select Maturities Municipal Fund

A number of institutional investors have recently made changes to their positions in the company. Tortoise Investment Management LLC boosted its stake in shares of Nuveen Select Maturities Municipal Fund by 19.7% in the fourth quarter. Tortoise Investment Management LLC now owns 751,335 shares of the company’s stock worth $6,544,000 after acquiring an additional 123,813 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of Nuveen Select Maturities Municipal Fund in the fourth quarter worth approximately $1,288,000. Wolverine Asset Management LLC boosted its stake in shares of Nuveen Select Maturities Municipal Fund by 49.3% in the fourth quarter. Wolverine Asset Management LLC now owns 140,583 shares of the company’s stock worth $1,224,000 after acquiring an additional 46,399 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Nuveen Select Maturities Municipal Fund by 4.2% in the third 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. Finally, Blake Schutter Theil Wealth Advisors LLC acquired a new position in Nuveen Select Maturities Municipal Fund during the third quarter worth $669,000. 32.23% of the stock is owned by institutional investors and hedge funds.

Nuveen Select Maturities Municipal Fund Stock Up 0.6 %

Shares of Nuveen Select Maturities Municipal Fund stock traded up $0.06 on Thursday, reaching $9.05. The company’s stock had a trading volume of 11,444 shares, compared to its average volume of 36,320. Nuveen Select Maturities Municipal Fund has a 52-week low of $8.60 and a 52-week high of $9.49. The stock has a 50-day moving average price of $8.87 and a 200-day moving average price of $9.08.

Nuveen Select Maturities Municipal Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be given a $0.0275 dividend. This represents a $0.33 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date is Friday, February 14th.

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.