Nuveen Select Maturities Municipal Fund (NYSE:NIM) Short Interest Up 123.2% in May

by · The Markets Daily

Nuveen Select Maturities Municipal Fund (NYSE:NIM – Get Free Report) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 21,260 shares, an increase of 123.2% from the May 14th total of 9,526 shares. Based on an average trading volume of 28,125 shares, the short-interest ratio is currently 0.8 days. Approximately 0.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Royal Bank of Canada grew its stake in Nuveen Select Maturities Municipal Fund by 9.1% in the 1st quarter. Royal Bank of Canada now owns 85,021 shares of the company’s stock worth $792,000 after acquiring an additional 7,101 shares during the period. Osaic Holdings Inc. grew its stake in Nuveen Select Maturities Municipal Fund by 58.8% in the 2nd quarter. Osaic Holdings Inc. now owns 33,742 shares of the company’s stock worth $306,000 after acquiring an additional 12,500 shares during the period. Whipplewood Advisors LLC grew its stake in Nuveen Select Maturities Municipal Fund by 4.3% in the 3rd quarter. Whipplewood Advisors LLC now owns 153,172 shares of the company’s stock worth $1,418,000 after acquiring an additional 6,376 shares during the period. Uhlmann Price Securities LLC grew its stake in Nuveen Select Maturities Municipal Fund by 4.2% in the 3rd quarter. Uhlmann Price Securities LLC now owns 82,287 shares of the company’s stock worth $762,000 after acquiring an additional 3,306 shares during the period. Finally, UBS Group AG grew its stake in Nuveen Select Maturities Municipal Fund by 1.8% in the 3rd quarter. UBS Group AG now owns 173,515 shares of the company’s stock worth $1,607,000 after acquiring an additional 3,087 shares during the period. 32.23% of the stock is currently owned by institutional investors and hedge funds.

Nuveen Select Maturities Municipal Fund Stock Performance

NIM stock opened at $9.28 on Monday. The firm has a 50 day moving average of $9.33 and a 200-day moving average of $9.42. Nuveen Select Maturities Municipal Fund has a 12-month low of $8.93 and a 12-month high of $9.94.

Nuveen Select Maturities Municipal Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be given a dividend of $0.029 per share. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Monday, June 15th.

About Nuveen Select Maturities Municipal Fund

(Get Free Report)

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.

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