(AAPR) Innovator Equity Defined - Ratings and Ratios

The Innovator Equity Defined Protection ETF (AAPR) is designed to provide returns based on the performance of the SPDR S&P 500 ETF Trust, with a focus on defined outcomes. The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in FLEX Options that reference the SPDR S&P 500 ETF Trust. FLEX Options are exchange-traded option contracts with customizable terms, allowing the fund to tailor its risk and return profile. The fund is non-diversified, meaning it may concentrate its investments in a limited number of securities, which can increase risk.

The ETF is part of the Defined Outcome category, offering exposure to the S&P 500 with a focus on capital protection and defined returns. It trades on the BATS exchange under the ticker symbol AAPR and is domiciled in the United States. The funds strategy is designed to provide a specific outcome, such as protecting capital or participating in market gains up to a certain level, over a defined period.

Based on the provided data, the funds technical indicators suggest a neutral to slightly bullish near-term outlook. The 20-day SMA of 26.61 is marginally above the 50-day SMA of 26.54, indicating a consolidating trend. The 200-day SMA of 25.97 reflects a longer-term bullish trend. The ATR of 0.09 indicates low volatility, suggesting that price movements are likely to remain stable in the near term.

Fundamentally, the AUM of $65.61M reflects moderate scale, which supports reasonable liquidity for investors. Over the next three months, the funds performance will likely remain closely tied to the S&P 500, with the FLEX Options strategy aiming to deliver outcomes consistent with its defined objectives.