Nuveen Select Maturities Municipal Fund (NYSE:NIM - Get Free Report) saw a large drop in short interest in April. As of April 15th, there was short interest totalling 7,000 shares, a drop of 27.1% from the March 31st total of 9,600 shares. Based on an average trading volume of 31,300 shares, the days-to-cover ratio is presently 0.2 days.
Nuveen Select Maturities Municipal Fund Stock Up 0.2 %
Shares of Nuveen Select Maturities Municipal Fund stock traded up $0.02 during trading on Friday, hitting $8.85. The company's stock had a trading volume of 17,208 shares, compared to its average volume of 20,987. The company has a fifty day simple moving average of $8.92 and a two-hundred day simple moving average of $8.85. Nuveen Select Maturities Municipal Fund has a 52 week low of $8.28 and a 52 week high of $9.45.
Nuveen Select Maturities Municipal Fund Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be paid a $0.026 dividend. The ex-dividend date is Friday, April 12th. This represents a $0.31 annualized dividend and a dividend yield of 3.53%.
Institutional Trading of Nuveen Select Maturities Municipal Fund
A number of institutional investors have recently made changes to their positions in NIM. Signaturefd LLC purchased a new stake in shares of Nuveen Select Maturities Municipal Fund during the 4th quarter valued at about $40,000. Crestone Asset Management LLC purchased a new stake in shares of Nuveen Select Maturities Municipal Fund during the 3rd quarter valued at about $90,000. Ackerman Capital Advisors LLC purchased a new stake in shares of Nuveen Select Maturities Municipal Fund during the 1st quarter valued at about $91,000. Wolverine Asset Management LLC boosted its holdings in shares of Nuveen Select Maturities Municipal Fund by 2,572.2% in 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 during the last quarter. Finally, Dynamic Advisor Solutions LLC boosted its holdings in shares of Nuveen Select Maturities Municipal Fund by 12.8% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 17,250 shares of the company's stock worth $155,000 after buying an additional 1,961 shares during the last quarter. Hedge funds and other institutional investors own 32.23% of the company's stock.
Nuveen Select Maturities Municipal Fund Company Profile
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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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