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State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM)

Muni National Short | Exchange Traded Fund | NYSEArca
47.86 USD -0.01 (-0.021%) ⇩ (July 13, 2026, 3:59 p.m. EDT)
After hours: 47.86
Short-term:★★⯪☆☆Long-term:★★⯪☆☆Dividends:★★★☆☆
Hot Take ↕ | July 11, 2026, 5:54 a.m. EDT

This instrument is a static defensive holding rather than a dynamic investment opportunity. The price has been range-bound for nearly a decade, trading within a tight $47.59 to $48.51 corridor, which reflects the stable but unexciting nature of short-term municipal bonds. While the trailing twelve-month yield of 2.66% provides a solid income floor that has grown significantly from historical lows, the capital appreciation potential is effectively zero given the flat multi-year trajectory. The recent price action shows no momentum, hovering just below the 200-day average, confirming that the market views this as a neutral, yield-focused vehicle with no immediate catalyst for price expansion.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoARIMA ✓0.002048
AutoETS0.002048
MSTL0.002093
AutoTheta0.002344

Forecast horizon: 45 days | Selected: AutoARIMA

Forecast Reliability
Score 87%
H-stat 0.06
Ljung-Box p 0.000
Jarque-Bera p 0.478
Excess Kurtosis -0.83

As of July 11, 2026, 5:54 a.m. EDT: Options activity is virtually dormant with negligible open interest and volume across all expirations. The lack of positioning suggests speculators are not forming a directional view on the near term, likely due to the asset's low volatility and status as a defensive bond fund.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.23% 2.66% 2.22% 1.70%
Dividend History
Date Dividend Yield %
2026-07-01 0.108 0.225753
2026-06-01 0.105 0.219619
2026-05-01 0.107 0.224037
2026-04-01 0.104 0.217664
2026-03-02 0.112 0.231980
2026-02-02 0.104 0.215678
2025-12-18 0.106 0.221341
2025-12-01 0.108 0.225611
2025-11-03 0.106 0.221202
2025-10-01 0.108 0.224346
2025-09-02 0.106 0.220420
2025-08-01 0.104 0.216441
2025-07-01 0.106 0.221943
2025-06-02 0.101 0.212811
2025-05-01 0.102 0.215782
2025-04-01 0.099 0.207940
2025-03-03 0.106 0.221804
2025-02-03 0.098 0.205796
2024-12-19 0.096 0.203132
2024-12-02 0.098 0.205107
2024-11-01 0.094 0.197396
2024-10-01 0.092 0.191228
2024-09-03 0.088 0.183793
2024-08-01 0.084 0.176693
2024-07-01 0.084 0.178685
2024-06-03 0.075 0.160017
2024-05-01 0.073 0.154989
2024-04-01 0.064 0.135364
2024-03-01 0.069 0.144867
2024-02-01 0.058 0.121364
2023-12-18 0.058 0.121568
2023-12-01 0.060 0.126316
2023-11-01 0.051 0.110175
2023-10-02 0.053 0.114918
2023-09-01 0.046 0.098291
2023-08-01 0.042 0.089533
2023-07-03 0.044 0.093737
2023-06-01 0.038 0.081214
2023-05-01 0.041 0.087123
2023-04-03 0.070 0.147306
2023-03-01 0.046 0.098691
2023-02-01 0.032 0.067142
2022-12-19 0.030 0.063708
2022-12-01 0.034 0.072371
2022-11-01 0.028 0.060751
2022-10-03 0.063 0.136482
2022-09-01 0.027 0.057496
2022-08-01 0.026 0.054405
2022-07-01 0.028 0.059147
2022-06-01 0.022 0.046571
2022-05-02 0.026 0.055710
2022-04-01 0.020 0.042310
2022-03-01 0.033 0.068479
2022-02-01 0.020 0.041382
2021-12-17 0.068 0.138268
2021-12-01 0.027 0.054811
2021-11-01 0.024 0.048741
2021-10-01 0.063 0.127634
2021-09-01 0.029 0.058562
2021-08-02 0.030 0.060411
2021-07-01 0.035 0.070721
2021-06-01 0.031 0.062614
2021-05-03 0.036 0.072669
2021-04-01 0.032 0.064633
2021-03-01 0.047 0.094988
2021-02-01 0.069 0.138443
2020-12-18 0.077 0.154681
2020-12-01 0.042 0.084337
2020-11-02 0.041 0.082561
2020-10-01 0.048 0.096347
2020-09-01 0.046 0.092221
2020-08-03 0.094 0.188038
2020-07-01 0.105 0.211013
2020-06-01 0.050 0.100341
2020-05-01 0.109 0.222813
2020-04-01 0.103 0.213030
2020-03-02 0.060 0.121482
2020-02-03 0.047 0.095238
2019-12-20 0.059 0.120261
2019-12-02 0.059 0.120408
2019-11-01 0.056 0.114239
2019-10-01 0.060 0.122775
2019-09-03 0.056 0.113867
2019-08-01 0.056 0.113867
2019-07-01 0.059 0.120704
2019-06-03 0.055 0.112682
2019-05-01 0.058 0.119810
2019-04-01 0.054 0.111455
2019-03-01 0.065 0.134520
2019-02-01 0.053 0.109913
2018-12-19 0.052 0.108266
2018-12-03 0.056 0.117277
2018-11-01 0.051 0.107414
2018-10-01 0.054 0.113279
2018-09-04 0.049 0.102318
2018-08-01 0.048 0.100104
2018-07-02 0.050 0.104275
2018-06-01 0.091 0.190377
2018-05-01 0.048 0.100925
2018-04-02 0.043 0.089996
2018-03-01 0.054 0.112641
2018-02-01 0.041 0.085488
2017-12-19 0.041 0.085488
2017-12-01 0.045 0.093867
2017-11-01 0.041 0.084623
2017-10-02 0.045 0.092650
2017-09-01 0.041 0.083982
2017-08-01 0.040 0.082102
2017-07-03 0.088 0.181481
2017-06-01 0.040 0.082018
2017-05-01 0.043 0.088623
2017-04-03 0.039 0.080562
2017-03-01 0.051 0.105459
2017-02-01 0.039 0.080863
2016-12-28 0.060 0.125235
2016-12-01 0.041 0.085792
2016-11-01 0.036 0.073983
2016-10-03 0.041 0.083999
2016-09-01 0.037 0.075449
2016-08-01 0.037 0.075356
2016-07-01 0.041 0.083520
2016-06-01 0.037 0.075789
2016-05-03 0.041 0.083742
2016-05-02 0.041 0.083879
2016-04-01 0.036 0.073846
2016-03-01 0.044 0.089759
2016-02-01 0.036 0.073680
2015-12-29 0.036 0.073952
2015-12-01 0.040 0.082136
2015-11-02 0.036 0.073740
2015-10-01 0.040 0.082169
2015-09-01 0.036 0.073952
2015-08-03 0.034 0.069930
2015-07-01 0.038 0.078448
2015-06-01 0.034 0.070277
2015-05-01 0.038 0.078415
2015-04-01 0.032 0.065898
2015-03-02 0.050 0.102796
2015-02-02 0.030 0.061325
2014-12-29 0.038 0.078351
2014-12-01 0.038 0.077901
2014-11-03 0.034 0.069701
2014-10-01 0.040 0.082034
2014-09-02 0.036 0.073831
2014-08-01 0.034 0.069672
2014-07-01 0.038 0.078093
2014-06-02 0.034 0.069844
2014-05-01 0.038 0.078221
2014-04-01 0.034 0.070190
2014-03-03 0.048 0.098200
2014-02-03 0.034 0.069873
2013-12-27 0.036 0.074135
2013-12-02 0.040 0.082372
2013-11-01 0.036 0.074105
2013-10-01 0.040 0.082679
2013-09-03 0.036 0.075219
2013-08-01 0.036 0.074565
2013-07-01 0.040 0.083717
2013-06-03 0.036 0.074135
2013-05-01 0.042 0.086278
2013-04-01 0.038 0.078029
2013-03-01 0.054 0.110883
2013-02-01 0.042 0.086349
2012-12-27 0.090 0.185491
2012-12-03 0.048 0.098522
2012-10-01 0.050 0.102333
2012-09-04 0.046 0.094108
2012-08-01 0.046 0.094070
2012-07-02 0.050 0.102754
2012-06-01 0.048 0.098119
2012-05-01 0.054 0.110837
2012-04-02 0.050 0.103008
2012-03-01 0.058 0.118561
2012-02-01 0.052 0.106470
2011-12-28 0.136 0.279261
2011-12-01 0.058 0.119440
2011-11-01 0.054 0.111478
2011-10-03 0.060 0.123355
2011-09-01 0.058 0.119391
2011-08-01 0.058 0.119736
2011-07-01 0.062 0.128099
2011-06-01 0.058 0.120182
2011-05-02 0.062 0.129113
2011-04-01 0.058 0.121695
2011-03-01 0.068 0.142977
2011-02-01 0.050 0.105664
2010-12-29 0.204 0.429112
2010-12-01 0.050 0.103950
2010-11-01 0.060 0.123762
2010-10-01 0.064 0.131796
2010-09-01 0.064 0.131255
2010-08-02 0.064 0.131741
2010-07-01 0.068 0.141313
2010-06-01 0.066 0.137214
2010-05-03 0.068 0.141844
2010-04-01 0.064 0.133612
2010-03-01 0.076 0.157415
2010-02-01 0.062 0.128791
2009-12-29 0.076 0.158267
2009-12-01 0.074 0.153591
2009-11-02 0.074 0.155266
2009-10-01 0.078 0.162568
2009-09-01 0.076 0.159463
2009-08-03 0.076 0.158796
2009-07-01 0.084 0.177140
2009-06-01 0.080 0.168848
2009-05-01 0.086 0.181129
2009-04-01 0.086 0.180672
2009-03-02 0.098 0.206838
2009-02-02 0.088 0.185419
2008-12-29 0.104 0.221465
2008-12-01 0.102 0.221354
2008-11-03 0.102 0.223195
2008-10-01 0.102 0.235023
2008-09-02 0.096 0.207972
2008-08-01 0.096 0.208243
2008-07-01 0.098 0.213880
2008-06-02 0.094 0.203728
2008-05-01 0.094 0.203993
2008-04-01 0.096 0.206807
2008-03-03 0.122 0.265217
2008-02-01 0.112 0.240137
2007-12-28 0.154 0.338016
2007-12-03 0.098 0.215385
2007-11-01 0.074 0.163139
Additional Data
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
dividendYield 2.66

Info Dump

Attribute Value
All Time High 50.4
All Time Low 42.0
Ask 0.0
Ask Size 900
Average Daily Volume10 Day 199,290
Average Daily Volume3 Month 197,291
Average Volume 197,291
Average Volume10Days 199,290
Beta3 Year 0.38
Bid 0.0
Bid Size 400
Category Muni National Short
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 47.8899
Day Low 47.84
Dividend Yield 2.66
Esg Populated 0
Exchange PCX
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 47.836
Fifty Day Average Change 0.024002075
Fifty Day Average Change Percent 0.0005017576
Fifty Two Week Change Percent -0.10433793
Fifty Two Week High 48.51
Fifty Two Week High Change -0.6499977
Fifty Two Week High Change Percent -0.013399253
Fifty Two Week Low 47.59
Fifty Two Week Low Change 0.27000046
Fifty Two Week Low Change Percent 0.0056734704
Fifty Two Week Range 47.59 - 48.51
First Trade Date Milliseconds 1,192,714,200,000
Five Year Average Return 0.0095797
Full Exchange Name NYSEArca
Fund Family State Street Investment Management
Fund Inception Date 1,191,974,400
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary The fund invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in securities that the Sub-Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index is a rules-based, market-capitalization weighted index engineered for the tax-exempt bond market.
Long Name State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
Market us_market
Market State PREPRE
Max Age 86,400
Message Board Id finmb_38018505
Nav Price 47.82166
Net Assets 3,468,243,710.0
Net Expense Ratio 0.2
Open 47.88
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 47.86
Post Market Time 1,783,976,700
Previous Close 47.87
Price Hint 2
Quote Source Name Delayed Quote
Quote Type ETF
Region US
Regular Market Change -0.00999832
Regular Market Change Percent -0.0208864
Regular Market Day High 47.8899
Regular Market Day Low 47.84
Regular Market Day Range 47.84 - 47.8899
Regular Market Open 47.88
Regular Market Previous Close 47.87
Regular Market Price 47.86
Regular Market Time 1,783,972,799
Regular Market Volume 137,278
Short Name State Street SPDR Nuveen ICE Sh
Source Interval 15
Symbol SHM
Three Year Average Return 0.0288905
Total Assets 3,468,243,712
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Peg Ratio None
Trailing Three Month Nav Returns 0.83572
Trailing Three Month Returns 0.83572
Triggerable 1
Two Hundred Day Average 48.01595
Two Hundred Day Average Change -0.15594864
Two Hundred Day Average Change Percent -0.0032478508
Type Disp ETF
Volume 137,278
Yield 0.026600001
Ytd Return 1.08669