Short Interest in Nuveen Select Maturities Municipal Fund (NYSE:NIM) Declines By 50.2%

Nuveen Select Maturities Municipal Fund (NYSE:NIM) was the recipient of a large decline in short interest in May. As of May 15th, there was short interest totaling 9,526 shares, a decline of 50.2% from the April 30th total of 19,143 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 22,653 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE increased its position in shares of Nuveen Select Maturities Municipal Fund by 1.1% during the 1st quarter. Bank of America Corp DE now owns 146,467 shares of the company’s stock worth $1,384,000 after purchasing an additional 1,552 shares during the last quarter. Royal Bank of Canada increased its position in shares of Nuveen Select Maturities Municipal Fund by 5.3% during the 1st quarter. Royal Bank of Canada now owns 114,492 shares of the company’s stock worth $1,081,000 after purchasing an additional 5,802 shares during the last quarter. Blake Schutter Theil Wealth Advisors LLC increased its position in shares of Nuveen Select Maturities Municipal Fund by 13.0% during the 1st quarter. Blake Schutter Theil Wealth Advisors LLC now owns 181,427 shares of the company’s stock worth $1,714,000 after purchasing an additional 20,878 shares during the last quarter. Stephens Inc. AR increased its position in shares of Nuveen Select Maturities Municipal Fund by 6.4% during the 1st 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 last quarter. Finally, Uhlmann Price Securities LLC increased its position in shares of Nuveen Select Maturities Municipal Fund by 6.7% during the 1st quarter. Uhlmann Price Securities LLC now owns 92,138 shares of the company’s stock worth $871,000 after purchasing an additional 5,809 shares during the last quarter. Institutional investors and hedge funds own 32.23% of the company’s stock.

Nuveen Select Maturities Municipal Fund Stock Down 0.2%

Shares of NYSE:NIM traded down $0.02 during trading on Monday, hitting $9.33. 9,291 shares of the company were exchanged, compared to its average volume of 23,539. Nuveen Select Maturities Municipal Fund has a fifty-two week low of $8.93 and a fifty-two week high of $9.94. The firm has a fifty day moving average price of $9.38 and a two-hundred day moving average price of $9.43.

Nuveen Select Maturities Municipal Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be given a dividend of $0.029 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 3.7%.

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.