FSMB · IV Rank History

First Trust Short Duration Managed Municipal ETF · ETF

IV rank shows where FSMB's implied volatility sits within its own recent range: 0 is the lowest reading in the window, 100 the highest. This page gives the 52-week version, the 90-session version our screeners use, the IV percentile, and the daily history.

FSMB's 30-day at-the-money implied volatility was 19.2% as of Oct 21, 2026. Its 52-week IV rank is 11 and its IV percentile is 16%: IV was lower on 16% of the past year's sessions. Over those 52 weeks it ranged from 13.0% (Feb 10, 2026) to 70.6% (Apr 8, 2026). On the 90-session window our screeners use, the IV rank is 9.

FSMB IV rank history

504 sessions

Filled line: 90-session IV rank (0–100, left axis). Dashed line: 30-day at-the-money implied volatility (right axis).

FSMB IV rank and implied volatility as of 2026-10-21

52-Week IV Rank
11
0 = year low, 100 = year high
IV Percentile
16%
of past-year sessions had lower IV
90-Session IV Rank
9
used by our screeners
30-Day ATM IV
19.2%
1-year average 22.9%
52-Week IV High
70.6%
2026-04-08
52-Week IV Low
13.0%
2026-02-10
History Since
2023-06-01
821 sessions

How these are measured. Implied volatility here is FSMB's 30-day at-the-money IV: the implied volatility of the calls and puts struck nearest the share price, blended between the expirations on either side of 30 days so every reading covers the same horizon. It's the IV level options traders usually quote, and it doesn't jump when the nearest expiration rolls from a weekly to a monthly. The 7-day figure is the same measure a week out, so it reacts first to near-term events such as earnings.

52-week IV rank = (today's IV − 52-week low) ÷ (52-week high − 52-week low) × 100. IV percentile is the share of the past year's sessions that closed with lower IV than today. The 90-session IV rank applies the same rank formula to the last 90 sessions, so it reacts faster.

A high reading means FSMB options are expensive relative to their own recent history, which is common ahead of earnings or after a sharp move. It says nothing about which way the stock will go. The Vol Arb Screener ranks every tracked symbol by these measures.

FSMB implied volatility by month

MonthAvg ATM IVHighLowAvg IV Rank (90-session)
Oct 2026 (to date) 27.0% 68.5% 14.2% 28
Sep 2026 28.8% 40.6% 21.6% 54
Aug 2026 23.5% 26.0% 20.9% 28
Jul 2026 23.1% 31.0% 19.6% 16
Jun 2026 24.0% 36.3% 19.9% 19
May 2026 22.0% 24.3% 19.3% 16
Apr 2026 24.5% 70.6% 13.7% 21
Mar 2026 22.2% 26.4% 17.5% 22
Feb 2026 15.6% 19.1% 13.0% 5
Jan 2026 23.6% 53.7% 18.9% 26
Dec 2025 22.6% 30.3% 19.5% 45
Nov 2025 19.2% 23.8% 17.0% 17
Oct 2025 21.4% 24.6% 18.6% 37
Sep 2025 21.8% 27.2% 16.7% 43
Aug 2025 23.4% 29.3% 19.6% 46
Jul 2025 24.0% 31.0% 20.6% 38
Jun 2025 19.7% 27.2% 14.9% 20
May 2025 19.7% 24.9% 15.7% 20
Apr 2025 23.1% 36.6% 14.7% 30
Mar 2025 24.9% 38.9% 19.3% 55
Feb 2025 24.0% 29.5% 21.3% 55
Jan 2025 23.1% 29.2% 18.8% 38
Dec 2024 25.2% 28.7% 23.3% 50
Nov 2024 22.6% 26.9% 16.5% 34
Oct 2024 23.7% 27.4% 17.4% 37
Sep 2024 23.9% 33.9% 21.3% 39
Aug 2024 23.3% 28.9% 19.9% 14
Jul 2024 22.9% 32.2% 17.9% 11
Jun 2024 23.5% 30.9% 18.1% 12
May 2024 25.5% 27.9% 22.5% 15
Apr 2024 28.7% 62.2% 25.9% 42
Mar 2024 24.6% 26.3% 21.9% 63
Feb 2024 25.6% 26.4% 24.2% 72
Jan 2024 25.0% 27.5% 20.2% 73
Dec 2023 22.4% 26.3% 13.8% 64
Nov 2023 23.4% 31.8% 16.9% 68
Oct 2023 25.3% 32.3% 5.1% 76
Sep 2023 24.1% 30.9% 16.3% 78
Aug 2023 23.8% 29.2% 17.4% 83
Jul 2023 23.1% 26.2% 19.5% 85
Jun 2023 16.0% 26.5% 4.6% 90

FSMB IV rank: last 30 sessions

DateIV Rank (90-session)30-Day ATM IV7-Day ATM IV
2026-10-21 9 19.2% —
2026-10-20 13 21.1% —
2026-10-19 18 24.0% —
2026-10-16 6 17.7% —
2026-10-15 10 19.8% —
2026-10-14 1 14.6% 93.8%
2026-10-13 13 21.4% 84.0%
2026-10-12 0 14.2% 76.2%
2026-10-09 10 24.5% 57.6%
2026-10-08 15 26.9% 59.5%
2026-10-07 8 23.5% 52.3%
2026-10-06 22 30.1% 69.8%
2026-10-05 100 68.5% 94.0%
2026-10-02 100 41.1% 45.2%
2026-10-01 87 37.9% 37.2%
2026-09-30 100 40.6% 40.9%
2026-09-29 94 35.3% 30.0%
2026-09-28 93 35.0% 30.2%
2026-09-25 70 31.3% 27.8%
2026-09-24 75 32.2% —
2026-09-23 26 24.0% —
2026-09-22 57 29.0% —
2026-09-21 63 30.1% —
2026-09-18 64 30.2% —
2026-09-17 62 29.9% —
2026-09-16 53 28.3% 68.4%
2026-09-15 50 27.9% 56.7%
2026-09-14 47 27.3% 54.0%
2026-09-11 47 27.3% 38.9%
2026-09-10 46 27.1% 49.8%

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.