FSMB ETF Analysis: Short Duration Managed | NYSE

Muni National Short | NYSE, USA | Market Cap: 648m USD | 12M Return: 0.3% | US33739P8308 | Charts, Fundamentals & Technical Analysis

Municipal Bonds, Tax-Exempt Income, Short-Term Debt, Variable-Rate Notes
Total Rating 38
Safety 81
Buy Signal -0.42
Muni National Short
Category Rotation: +6.4
TER: 0.55%
AUM: 648M
Avg Turnover: 3.34M
Risk 3d forecast
Volatility3.54%
VaR 5th Pctl0.63%
VaR vs Median-1.52%
Reward TTM
Sharpe Ratio-2.46
Rel. Str. IBD33.1
Rel. Str. Peer Group37.5
Character TTM
Beta0.033
Beta Downside0.018
Hurst Exponent0.540
Drawdowns 3y
Max DD1.97%
CAGR/Max DD1.69
CAGR/Mean DD13.06

Warnings

Below Sma 200d

Tailwinds

No distinct edge detected

Seasonality 7.8 years of data

Jan +0.1% 24
Feb +0.0% 6
Mar -0.7% 39
Apr -0.3% 55
May -0.1% 9
Jun +0.2% 10
Jul +0.2% 10
Aug -0.2% 26
Sep -0.2% 3
Oct -0.4% 41
Nov +0.2% 11
Dec -0.0% 9

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: FSMB Short Duration Managed

FSMB is an actively managed exchange-traded fund that invests primarily in short-duration U.S. municipal debt securities. Under normal market conditions, the fund allocates at least 80% of its net assets to municipal bonds whose interest income is exempt from regular federal income taxes.

The funds holdings may include fixed, variable, or floating-rate securities, allowing flexibility across the municipal bond structure. Short-duration municipal ETFs typically carry lower interest rate sensitivity than longer-dated funds, while the federal tax-exempt income feature targets investors in higher tax brackets seeking tax-efficient yield. Listed on the NYSE since November 2018, FSMB is categorized as a Muni National Short fund.

Headlines to Watch Out For
  • Fed rate cuts push short-term muni yields lower
  • Tax exemption changes threaten municipal bond demand
  • Money market funds compete for short-duration tax-exempt investors
What is the price of FSMB shares?

As of September 27, 2026, the stock is trading at USD 19.48 with a total of 234,574 shares traded. Over the past week, the price has changed by -1.02%, over one month by -1.82%, over three months by -1.79% and over the past year by +0.27%.

Current recommended Stop Loss: 19.40 (which is 0.4% or 1.6 ATR below the current price).

Is FSMB a buy, sell or hold?

Short Duration Managed has no consensus analysts rating.