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

Nuveen Select Maturities Municipal Fund (NYSE:NIM) was the target of a significant decline in short interest in February. As of February 28th, there was short interest totalling 8,200 shares, a decline of 14.6% from the February 13th total of 9,600 shares. Based on an average trading volume of 50,500 shares, the short-interest ratio is currently 0.2 days.

Nuveen Select Maturities Municipal Fund Trading Up 0.1 %

Shares of NYSE NIM opened at $9.20 on Friday. The firm’s 50 day moving average price is $9.07 and its 200-day moving average price is $9.08. Nuveen Select Maturities Municipal Fund has a 52-week low of $8.60 and a 52-week high of $9.58.

Nuveen Select Maturities Municipal Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a $0.0275 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.33 annualized dividend and a dividend yield of 3.59%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. 1607 Capital Partners LLC lifted its stake in shares of Nuveen Select Maturities Municipal Fund by 29.0% in the fourth quarter. 1607 Capital Partners LLC now owns 1,021,532 shares of the company’s stock worth $8,898,000 after buying an additional 229,939 shares in the last quarter. Tortoise Investment Management LLC lifted 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 buying an additional 123,813 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Nuveen Select Maturities Municipal Fund by 10.5% in the fourth quarter. Bank of America Corp DE now owns 197,533 shares of the company’s stock worth $1,721,000 after buying an additional 18,823 shares in the last quarter. Whipplewood Advisors LLC bought a new position in shares of Nuveen Select Maturities Municipal Fund in the fourth quarter worth approximately $1,288,000. Finally, Wolverine Asset Management LLC lifted 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 buying an additional 46,399 shares in the last quarter. Institutional investors own 32.23% of the company’s stock.

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.