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

Nuveen Select Maturities Municipal Fund (NYSE:NIM) saw a significant decrease in short interest in the month of 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. Based on an average trading volume of 7,888 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Bank of America Corp DE raised its stake in shares of Nuveen Select Maturities Municipal Fund by 1.1% in the first quarter. Bank of America Corp DE now owns 146,467 shares of the company’s stock valued at $1,384,000 after purchasing an additional 1,552 shares in the last quarter. Stephens Inc. AR lifted its position in Nuveen Select Maturities Municipal Fund by 6.4% in the first quarter. Stephens Inc. AR now owns 41,500 shares of the company’s stock worth $392,000 after purchasing an additional 2,500 shares during the period. Sightline Wealth Advisors LLC boosted its stake 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 in the last quarter. UBS Group AG boosted its stake in Nuveen Select Maturities Municipal Fund by 1.8% during the third quarter. UBS Group AG now owns 173,515 shares of the company’s stock worth $1,607,000 after buying an additional 3,087 shares in the last quarter. Finally, Ackerman Capital Advisors LLC increased its holdings in Nuveen Select Maturities Municipal Fund by 18.8% in the 4th quarter. Ackerman Capital Advisors LLC now owns 24,401 shares of the company’s stock valued at $227,000 after buying an additional 3,861 shares during the period. Institutional investors and hedge funds own 32.23% of the company’s stock.

Nuveen Select Maturities Municipal Fund Stock Up 0.7%

Shares of NIM stock opened at $9.43 on Tuesday. Nuveen Select Maturities Municipal Fund has a 1 year low of $8.97 and a 1 year high of $9.94. The firm’s fifty 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 business also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be given a $0.029 dividend. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date is Monday, June 15th.

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.