FIXD - First Trust Smith Opportunistic Fixed Income ETF
The First Trust Smith Opportunistic Fixed Income ETF (the Fund) has a core objective: to deliver the highest possible total return over the long term. Generally, and within standard market environments, the Fund's strategy involves allocating a significant portion—specifically, at least 80% of its net assets, which factors in any investment borrowings—to a range of fixed income instruments.
As of Oct 14, 2026: spot at $41.63, ATM IV 441.4%, max pain $48.00, net GEX $1.3K.
- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Market Cap
- $2.86B
- Beta
- 1.13
- 52-Week Range
- 38.56-45.16
- Dividend Yield
- $2.06
- IPO Date
- Feb 16, 2017
- Exchange
- NASDAQ
What FIXD Looks Like to Options Traders Today
IV rank of 90.5% signals elevated pricing relative to the 1-year history, conditions that typically favor premium-selling structures (credit spreads, iron condors, covered calls); positive net gamma exposure ($1.3K) means dealers hedge against trend, damping realized volatility and biasing price toward heavy-OI strikes; the 25-delta skew (0.018) is roughly flat across the wings.
What This Page Covers
The FIXD 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.
FIXD fund facts: expense ratio 0.65%, assets under management $2.84B, NAV $41.37 as of the data source's update on Oct 8, 2026, 406 holdings in its latest file, launched Feb 14, 2017, issued by First Trust. See the FIXD holdings.
Frequently asked FIXD overview questions
- What is FIXD?
- FIXD is the ticker symbol for First Trust Smith Opportunistic Fixed Income ETF, an listed exchange-traded fund. The First Trust Smith Opportunistic Fixed Income ETF (the Fund) has a core objective: to deliver the highest possible total return over the long term. Generally, and within standard market environments, the Fund's strategy involves allocating a significant portion—specifically, at least 80% of its net assets, which factors in any investment borrowings—to a range of fixed income instruments. Listed on NASDAQ. FIXD 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 does the FIXD options snapshot look like today?
- As of Oct 14, 2026, the FIXD options snapshot shows spot at $41.63, ATM IV 441.4%, IV rank 90.5%, max pain $48.00, net GEX $1.3K, expected move 5.12%. The full options chain, Greeks by strike and expiration, per-strike open-interest distribution, dealer gamma and delta exposure, and the volatility skew surface are linked from this overview page. Each per-metric route refreshes once per trading session and reflects the most recent close-of-business listed-options state.
- What are FIXD's key statistics?
- First Trust Smith Opportunistic Fixed Income ETF (FIXD) carries a market capitalization of $2.86B, 52-week range of 38.56-45.16. 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 FIXD belong to?
- First Trust Smith Opportunistic Fixed Income ETF operates in the Financial Services sector, in the Asset Management - Bonds 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 FIXD'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 FIXD data on this page?
- The options snapshot above is dated Oct 14, 2026 and refreshes once per session, with all per-strike Greeks and exposure aggregates recomputed at the daily close. 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.