State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM)Small Blend | Exchange Traded Fund | NYSEArca
56.37 USD
-0.23
(-0.406%) ⇩
(July 13, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | July 11, 2026, 5:29 a.m. EDT
The small-cap ETF is showing a classic 'bull trap' divergence. While the price has recovered nicely over the last decade and is currently trading above its key moving averages, the options market reveals a stark disconnect: traders are buying cheap insurance deep in-the-money for the long term, betting on a potential crash, while their near-term bets are purely speculative and fragile. The statistical forecast confirms this hesitation, predicting zero directional movement over the next month. For investors, the thesis here is shaky; the asset lacks the explosive momentum required for a high-conviction short-term trade, and the heavy long-term hedging suggests the market fears a deeper correction ahead. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.028719 |
| AutoTheta | 0.028915 |
| AutoETS | 0.031522 |
| AutoARIMA | 0.031621 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 51% |
| H-stat | 25.25 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.264 |
| Excess Kurtosis | -0.72 |
| Attribute | Value |
|---|---|
| Trailing P/E | 18.98 |
As of July 11, 2026, 5:29 a.m. EDT: Speculators are overwhelmingly bullish in the near term, with July and August call open interest heavily skewed out-of-the-money (OTM) toward strikes above the current price, while put activity remains negligible. However, this bullishness fades significantly by September and December, where massive open interest piles up deep in-the-money (ITM) at strikes far below the current level, suggesting a hedge against a significant long-term drawdown rather than a bet on continued appreciation.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.36% | 1.59% | 1.73% | 1.67% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-06-22 | 0.201000 | 0.360797 |
| 2026-03-23 | 0.165000 | 0.345333 |
| 2025-12-22 | 0.236000 | 0.491053 |
| 2025-09-22 | 0.183000 | 0.392788 |
| 2025-06-23 | 0.183000 | 0.436650 |
| 2025-03-24 | 0.155000 | 0.368084 |
| 2024-12-23 | 0.281000 | 0.622370 |
| 2024-09-23 | 0.198000 | 0.437086 |
| 2024-06-24 | 0.206000 | 0.499273 |
| 2024-03-18 | 0.144000 | 0.350877 |
| 2023-12-18 | 0.299000 | 0.725904 |
| 2023-09-18 | 0.059000 | 0.156167 |
| 2023-06-20 | 0.027000 | 0.070459 |
| 2023-06-06 | 0.161000 | 0.423573 |
| 2023-03-20 | 0.134000 | 0.365023 |
| 2022-12-19 | 0.145000 | 0.396500 |
| 2022-09-19 | 0.147000 | 0.398266 |
| 2022-06-21 | 0.155000 | 0.437482 |
| 2022-03-21 | 0.062000 | 0.145951 |
| 2021-12-20 | 0.270000 | 0.639356 |
| 2021-09-20 | 0.130000 | 0.311751 |
| 2021-06-21 | 0.123000 | 0.282889 |
| 2021-03-22 | 0.105000 | 0.245902 |
| 2020-12-21 | 0.153000 | 0.433551 |
| 2020-09-21 | 0.061000 | 0.226850 |
| 2020-09-18 | 0.060000 | 0.215131 |
| 2020-06-22 | 0.105000 | 0.398482 |
| 2020-03-23 | 0.099000 | 0.522152 |
| 2019-12-20 | 0.162000 | 0.495716 |
| 2019-09-20 | 0.125000 | 0.409433 |
| 2019-06-21 | 0.131000 | 0.432486 |
| 2019-03-15 | 0.099000 | 0.324803 |
| 2018-12-21 | 0.164000 | 0.649248 |
| 2018-09-21 | 0.138000 | 0.411940 |
| 2018-06-15 | 0.125000 | 0.380055 |
| 2018-03-16 | 0.053000 | 0.171466 |
| 2017-12-15 | 0.187000 | 0.625837 |
| 2017-09-15 | 0.094667 | 0.337694 |
| 2017-06-16 | 0.097333 | 0.352997 |
| 2017-03-17 | 0.076667 | 0.281657 |
| 2016-12-16 | 0.138667 | 0.519547 |
| 2016-09-16 | 0.090000 | 0.375992 |
| 2016-06-17 | 0.099333 | 0.442595 |
| 2016-03-18 | 0.068333 | 0.316943 |
| 2015-12-18 | 0.237667 | 1.088717 |
| 2015-09-18 | 0.089333 | 0.390897 |
| 2015-06-19 | 0.088000 | 0.348469 |
| 2015-03-20 | 0.117000 | 0.469189 |
| 2014-12-19 | 0.206333 | 0.873922 |
| 2014-09-19 | 0.072667 | 0.320307 |
| 2014-06-20 | 0.073000 | 0.310154 |
| 2014-03-21 | 0.052333 | 0.222630 |
| 2013-12-20 | 0.110333 | 0.486763 |
| 2013-09-20 | 0.047333 | 0.222012 |
| Attribute | Value |
|---|---|
| All Time High | 58.07 |
| All Time Low | 18.35 |
| Ask | 56.67 |
| Ask Size | 1,600 |
| Average Daily Volume10 Day | 2,095,570 |
| Average Daily Volume3 Month | 1,739,962 |
| Average Volume | 1,739,962 |
| Average Volume10Days | 2,095,570 |
| Beta3 Year | 1.08 |
| Bid | 55.17 |
| Bid Size | 1,200 |
| Category | Small Blend |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 56.79 |
| Day Low | 56.23 |
| Dividend Yield | 1.36 |
| Eps Trailing Twelve Months | 2.9697783 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 54.7042 |
| Fifty Day Average Change | 1.6657982 |
| Fifty Day Average Change Percent | 0.03045101 |
| Fifty Two Week Change Percent | 30.486107 |
| Fifty Two Week High | 58.07 |
| Fifty Two Week High Change | -1.7000008 |
| Fifty Two Week High Change Percent | -0.029275026 |
| Fifty Two Week Low | 41.76 |
| Fifty Two Week Low Change | 14.610001 |
| Fifty Two Week Low Change Percent | 0.34985635 |
| Fifty Two Week Range | 41.76 - 58.07 |
| First Trade Date Milliseconds | 1,373,376,600,000 |
| Five Year Average Return | 0.074429005 |
| Full Exchange Name | NYSEArca |
| Fund Family | State Street Investment Management |
| Fund Inception Date | 1,373,241,600 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index measures the performance of the small-capitalization segment of the U.S. equity market. |
| Long Name | State Street SPDR Portfolio S&P 600 Small Cap ETF |
| Market | us_market |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_242649966 |
| Nav Price | 56.56221 |
| Net Assets | 16,915,987,500.0 |
| Net Expense Ratio | 0.03 |
| Open | 56.51 |
| Pre Market Change | 2.334999 |
| Pre Market Change Percent | 4.14264 |
| Pre Market Price | 58.7 |
| Pre Market Time | 1,784,033,679 |
| Previous Close | 56.6 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.23 |
| Regular Market Change Percent | -0.40636 |
| Regular Market Day High | 56.79 |
| Regular Market Day Low | 56.23 |
| Regular Market Day Range | 56.23 - 56.79 |
| Regular Market Open | 56.51 |
| Regular Market Previous Close | 56.6 |
| Regular Market Price | 56.37 |
| Regular Market Time | 1,783,972,800 |
| Regular Market Volume | 1,321,646 |
| Short Name | State Street SPDR Portfolio S&P |
| Source Interval | 15 |
| Symbol | SPSM |
| Three Year Average Return | 0.14169739 |
| Total Assets | 16,915,987,456 |
| Tradeable | 0 |
| Trailing P E | 18.981215 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 19.67769 |
| Trailing Three Month Returns | 19.67769 |
| Triggerable | 1 |
| Two Hundred Day Average | 49.99355 |
| Two Hundred Day Average Change | 6.3764496 |
| Two Hundred Day Average Change Percent | 0.12754545 |
| Type Disp | ETF |
| Volume | 1,321,646 |
| Yield | 0.0136 |
| Ytd Return | 23.90376 |