Nuveen Select Maturities Municipal Fund (NYSE:NIM) Sees Significant Growth in Short Interest

Nuveen Select Maturities Municipal Fund (NYSE:NIM) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 21,900 shares, an increase of 167.1% from the February 28th total of 8,200 shares. Based on an average daily volume of 48,100 shares, the short-interest ratio is presently 0.5 days.

Nuveen Select Maturities Municipal Fund Stock Performance

NYSE NIM traded down $0.00 on Friday, reaching $9.19. The company had a trading volume of 4,154 shares, compared to its average volume of 32,001. Nuveen Select Maturities Municipal Fund has a fifty-two week low of $8.60 and a fifty-two week high of $9.64. The business has a 50 day moving average of $9.12 and a two-hundred day moving average of $9.07.

Nuveen Select Maturities Municipal Fund Announces Dividend

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

Hedge Funds Weigh In On Nuveen Select Maturities Municipal Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. Nomura Holdings Inc. acquired a new position in shares of Nuveen Select Maturities Municipal Fund in the 4th quarter valued at about $192,000. Logan Stone Capital LLC lifted its stake in Nuveen Select Maturities Municipal Fund by 16.2% in the fourth quarter. Logan Stone Capital LLC now owns 70,119 shares of the company’s stock valued at $611,000 after buying an additional 9,755 shares during the period. Bank of America Corp DE lifted its stake in 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 valued at $1,721,000 after buying an additional 18,823 shares during the period. Ameriprise Financial Inc. lifted its position in Nuveen Select Maturities Municipal Fund by 16.6% in the 4th quarter. Ameriprise Financial Inc. now owns 21,050 shares of the company’s stock valued at $183,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Ancora Advisors LLC boosted its stake in Nuveen Select Maturities Municipal Fund by 725.0% during the 4th quarter. Ancora Advisors LLC now owns 18,207 shares of the company’s stock valued at $159,000 after purchasing an additional 16,000 shares during the last quarter. Institutional investors and hedge funds 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.