DLFE - First Trust Exchange-Traded Fund VIII - FT Vest U.S. Equity Dual Directional Buffer ETF - February
DLFE seeks to offer dual directional returns by using FLEX options to match either the positive price return or the absolute or inverse value loss of SPDR S&P 500 ETF Trust (ticker: SPY) over a one-year period, starting February. The fund matches the positive price return of SPY up to a cap. If SPY declines to the threshold of 10%, the fund will reflect this decline in value.
- Sector
- Financial Services
- Industry
- Asset Management
- Market Cap
- $68.7M
- Beta
- 0.49
- 52-Week Range
- 28.82-32.76
- IPO Date
- Feb 23, 2026
- Exchange
- CBOE
DLFE Options Snapshot
Options pricing data for DLFE is refreshed daily after the close. When listed contracts exist, this page surfaces the latest at-the-money implied volatility, max pain strike, dealer gamma exposure (GEX), and 25-delta skew. Listed contracts and live snapshots appear once the options chain has been published by the exchange for the most recent session.
What This Page Covers
The DLFE overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure.
DLFE fund facts: expense ratio 0.85%, assets under management $68.7M, NAV $32.70 as of the data source's update on Oct 8, 2026, 6 holdings in its latest file, launched Feb 20, 2026, issued by First Trust. See the DLFE holdings.
Frequently asked DLFE overview questions
- What is DLFE?
- DLFE is the ticker symbol for First Trust Exchange-Traded Fund VIII - FT Vest U.S. Equity Dual Directional Buffer ETF - February, an listed exchange-traded fund. DLFE seeks to offer dual directional returns by using FLEX options to match either the positive price return or the absolute or inverse value loss of SPDR S&P 500 ETF Trust (ticker: SPY) over a one-year period, starting February. The fund matches the positive price return of SPY up to a cap. Listed on CBOE. DLFE is the ETF ticker shown on this page; ETF traders use the fund for diversified exposure to its underlying basket, for sector and factor rotation, and for hedging or replication strategies via the listed options chain.
- What are DLFE's key statistics?
- First Trust Exchange-Traded Fund VIII - FT Vest U.S. Equity Dual Directional Buffer ETF - February (DLFE) carries a market capitalization of $68.7M, 52-week range of 28.82-32.76. Full holdings disclosure, expense ratio, and tracking-error history live on the per-ticker fundamentals page or the sponsor's site; daily NAV and premium/discount-to-NAV are accessible from the same view. These structural inputs frame how the ETF options market prices implied volatility relative to its constituents.
- What sector or industry does DLFE belong to?
- First Trust Exchange-Traded Fund VIII - FT Vest U.S. Equity Dual Directional Buffer ETF - February operates in the Financial Services sector, in the Asset Management industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare DLFE's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
- How current is the DLFE data on this page?
- Options snapshots refresh after each trading session; if no snapshot is currently posted for DLFE, it usually reflects low options liquidity or a recently listed name. Fund-level fields (sponsor, expense ratio, holdings concentration where available) refresh from the vendor feed nightly. ETF-specific filings (N-CSR, N-PX, N-CEN) update on the SEC EDGAR cadence. FINRA microstructure data refreshes on the source's cadence; for ETFs the off-exchange volume signal is dominated by authorized-participant creation and redemption rather than directional flow.