(SHM) Nuveen Bloomberg Short Term - NYSE
ETF Category: Muni National Short | Exchange: NYSE (USA) | Market Cap: 3.451m USD | Total Return: 3.1% in 12m
Avg Turnover: 7.68M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality
The fund employs a passive indexing strategy, investing at least 80% of its total assets in the securities that make up its underlying index, as well as in securities that the Sub-Adviser considers to have substantially identical economic characteristics. The index itself is rules-based and market-capitalization weighted, specifically engineered for the tax-exempt bond market.
As a short-term municipal bond ETF, SHM targets debt issued by U.S. state and local governments, which typically generates income exempt from federal (and sometimes state) income tax. The short-term designation indicates a shorter duration profile, generally meaning lower sensitivity to interest rate movements compared to longer-dated bond funds.
- Fed rate cuts compress short-term muni bond yields
- Money market funds compete with rising tax-equivalent yields
- Municipal issuance surges on infrastructure spending
As of June 29, 2026, the stock is trading at USD 47.98 with a total of 121,747 shares traded. Over the past week, the price has changed by +0.08%, over one month by +0.62%, over three months by +1.00% and over the past year by +3.10%.
Current recommended Stop Loss: 47.80 (which is 0.4% or 2.6 ATR below the current price).
Nuveen Bloomberg Short Term has no consensus analysts rating.