FVD - First Trust Value Line Dividend Index Fund
The First Trust Value Line Dividend Index Fund is an exchange-traded index fund. The objective of the Fund is to seek investment results that correspond generally to the price and yield, before fees and expenses, of the Value Line Dividend Index.
As of May 14, 2026: spot at $47.02, ATM IV 51.7%, net GEX $10.3K.
- Sector
- Financial Services
- Industry
- Asset Management
- Market Cap
- $8.15B
- Beta
- 0.56
- 52-Week Range
- 43.91-50.23
- Dividend Yield
- $1.08
- IPO Date
- Aug 27, 2003
- Exchange
- AMEX
What FVD Looks Like to Options Traders Today
IV rank of 9.1% is subdued relative to the 1-year history, conditions that typically favor premium-buying or long-volatility structures (debit spreads, calendar spreads, long straddles); positive net gamma exposure ($10.3K) means dealers hedge against trend, damping realized volatility and biasing price toward heavy-OI strikes; the 25-delta skew (0.021) prices calls richer than puts, often reflecting upside speculation or squeeze risk.
What This Page Covers
The FVD 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.
Frequently asked FVD overview questions
- What is FVD?
- FVD is the ticker symbol for First Trust Value Line Dividend Index Fund, an listed exchange-traded fund. The First Trust Value Line Dividend Index Fund is an exchange-traded index fund. The objective of the Fund is to seek investment results that correspond generally to the price and yield, before fees and expenses, of the Value Line Dividend Index. Listed on AMEX. FVD 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 FVD options snapshot look like today?
- As of May 14, 2026, the FVD options snapshot shows spot at $47.02, ATM IV 51.7%, IV rank 9.1%, net GEX $10.3K, expected move 14.82%. 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 FVD's key statistics?
- First Trust Value Line Dividend Index Fund (FVD) carries a market capitalization of $8.15B, 52-week range of 43.91-50.23. 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 FVD belong to?
- First Trust Value Line Dividend Index Fund 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 FVD'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 FVD data on this page?
- The options snapshot above is dated May 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.