Short Interest in Nuveen Select Maturities Municipal Fund (NYSE:NIM) Drops By 17.9%

Nuveen Select Maturities Municipal Fund (NYSE:NIM - Get Free Report) saw a large decline in short interest in March. As of March 15th, there was short interest totalling 4,600 shares, a decline of 17.9% from the February 29th total of 5,600 shares. Based on an average trading volume of 35,800 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Nuveen Select Maturities Municipal Fund

Institutional investors have recently bought and sold shares of the company. Signaturefd LLC acquired a new position in Nuveen Select Maturities Municipal Fund in the 4th quarter valued at about $40,000. IFP Advisors Inc grew its position in shares of Nuveen Select Maturities Municipal Fund by 29.4% during the second quarter. IFP Advisors Inc now owns 8,985 shares of the company's stock worth $81,000 after buying an additional 2,042 shares in the last quarter. Crestone Asset Management LLC acquired a new position in shares of Nuveen Select Maturities Municipal Fund during the third quarter worth about $90,000. Wolverine Asset Management LLC grew its position in shares of Nuveen Select Maturities Municipal Fund by 2,572.2% during the third quarter. Wolverine Asset Management LLC now owns 11,918 shares of the company's stock worth $101,000 after buying an additional 11,472 shares in the last quarter. Finally, First Trust Advisors LP acquired a new position in shares of Nuveen Select Maturities Municipal Fund during the fourth quarter worth about $115,000. 32.23% of the stock is owned by institutional investors and hedge funds.

Nuveen Select Maturities Municipal Fund Price Performance

NYSE NIM remained flat at $8.99 during trading on Friday. The company's stock had a trading volume of 36,555 shares, compared to its average volume of 43,624. The business's fifty day moving average is $9.00 and its 200 day moving average is $8.81. Nuveen Select Maturities Municipal Fund has a 52 week low of $8.28 and a 52 week high of $9.74.

Nuveen Select Maturities Municipal Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 15th will be given a $0.026 dividend. This represents a $0.31 annualized dividend and a yield of 3.47%. The ex-dividend date is Thursday, March 14th.

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.