Short Interest in Nuveen Select Maturities Municipal Fund (NYSE:NIM) Drops By 14.6%

Nuveen Select Maturities Municipal Fund (NYSE:NIM) saw a large decline in short interest in the month of 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 daily trading volume, of 50,500 shares, the days-to-cover ratio is presently 0.2 days.

Nuveen Select Maturities Municipal Fund Stock Up 1.2 %

Shares of NIM stock traded up $0.11 during mid-day trading on Thursday, hitting $9.30. The stock had a trading volume of 68,175 shares, compared to its average volume of 35,396. The company’s 50-day simple moving average is $9.06 and its 200-day simple moving average is $9.08. Nuveen Select Maturities Municipal Fund has a fifty-two week low of $8.60 and a fifty-two week high of $9.58.

Nuveen Select Maturities Municipal Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a $0.0275 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.33 dividend on an annualized basis and a yield of 3.55%.

Hedge Funds Weigh In On Nuveen Select Maturities Municipal Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. 1607 Capital Partners LLC boosted 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 valued at $8,898,000 after buying an additional 229,939 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of Nuveen Select Maturities Municipal Fund during the 4th quarter worth $1,288,000. Tortoise Investment Management LLC boosted its position in shares of Nuveen Select Maturities Municipal Fund by 19.7% during the 4th quarter. Tortoise Investment Management LLC now owns 751,335 shares of the company’s stock worth $6,544,000 after purchasing an additional 123,813 shares in the last quarter. Wolverine Asset Management LLC grew its stake in shares of Nuveen Select Maturities Municipal Fund by 49.3% during the 4th quarter. Wolverine Asset Management LLC now owns 140,583 shares of the company’s stock worth $1,224,000 after purchasing an additional 46,399 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of Nuveen Select Maturities Municipal Fund in the 4th quarter valued at about $404,000. Institutional investors and hedge funds own 32.23% of the company’s stock.

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.