Nuveen Select Maturities Municipal Fund (NYSE:NIM) Short Interest Down 41.5% in December

Nuveen Select Maturities Municipal Fund (NYSE:NIM) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 6,200 shares, a drop of 41.5% from the November 30th total of 10,600 shares. Based on an average daily volume of 37,200 shares, the days-to-cover ratio is presently 0.2 days.

Nuveen Select Maturities Municipal Fund Price Performance

NIM opened at $8.68 on Friday. Nuveen Select Maturities Municipal Fund has a 1 year low of $8.62 and a 1 year high of $9.49. The firm has a 50 day moving average price of $8.98 and a 200 day moving average price of $9.11.

Nuveen Select Maturities Municipal Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.0623 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 8.61%. The ex-dividend date is Friday, December 13th.

Hedge Funds Weigh In On Nuveen Select Maturities Municipal Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ackerman Capital Advisors LLC purchased a new position in Nuveen Select Maturities Municipal Fund in the third quarter valued at about $101,000. Truist Financial Corp grew its stake in shares of Nuveen Select Maturities Municipal Fund by 13.0% in the second quarter. Truist Financial Corp now owns 13,000 shares of the company’s stock valued at $118,000 after buying an additional 1,500 shares in the last quarter. Hilltop Holdings Inc. raised its holdings in shares of Nuveen Select Maturities Municipal Fund by 8.9% during the 3rd quarter. Hilltop Holdings Inc. now owns 24,147 shares of the company’s stock valued at $224,000 after buying an additional 1,966 shares during the period. Stephens Inc. AR lifted its position in Nuveen Select Maturities Municipal Fund by 15.6% during the 3rd quarter. Stephens Inc. AR now owns 29,700 shares of the company’s stock worth $275,000 after acquiring an additional 4,000 shares in the last quarter. Finally, Blake Schutter Theil Wealth Advisors LLC purchased a new position in Nuveen Select Maturities Municipal Fund in the 3rd quarter worth approximately $669,000. 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.