Nuveen Select Maturities Municipal Fund (NYSE:NIM - Get Free Report) was the recipient of a large decline in short interest in May. As of May 15th, there was short interest totalling 19,000 shares, a decline of 35.8% from the April 30th total of 29,600 shares. Currently, 0.2% of the company's stock are sold short. Based on an average trading volume of 31,100 shares, the short-interest ratio is presently 0.6 days.
Institutional Investors Weigh In On Nuveen Select Maturities Municipal Fund
Several institutional investors have recently bought and sold shares of NIM. Bank of America Corp DE raised its stake in shares of Nuveen Select Maturities Municipal Fund by 10.5% during the 4th quarter. Bank of America Corp DE now owns 197,533 shares of the company's stock worth $1,721,000 after purchasing an additional 18,823 shares in the last quarter. Nomura Holdings Inc. bought a new stake in shares of Nuveen Select Maturities Municipal Fund during the 4th quarter worth approximately $192,000. Logan Stone Capital LLC raised its stake in shares of Nuveen Select Maturities Municipal Fund by 16.2% during the 4th quarter. Logan Stone Capital LLC now owns 70,119 shares of the company's stock worth $611,000 after purchasing an additional 9,755 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Nuveen Select Maturities Municipal Fund during the 4th quarter worth approximately $404,000. Finally, Ancora Advisors LLC raised its stake in shares of 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 worth $159,000 after purchasing an additional 16,000 shares in the last quarter. Institutional investors own 32.23% of the company's stock.
Nuveen Select Maturities Municipal Fund Stock Performance
NYSE NIM remained flat at $9.02 during trading on Monday. The company's stock had a trading volume of 7,098 shares, compared to its average volume of 33,307. The company has a 50 day moving average price of $9.11 and a 200-day moving average price of $9.03. Nuveen Select Maturities Municipal Fund has a 12-month low of $8.60 and a 12-month high of $9.64.
Nuveen Select Maturities Municipal Fund Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be paid a $0.0275 dividend. This represents a $0.33 annualized dividend and a yield of 3.66%. The ex-dividend date is Thursday, May 15th.
About Nuveen Select Maturities Municipal Fund
(
Get Free Report)
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.
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