(BJAN) Innovator SP500 Buffer - - Ratings and Ratios

The Innovator S&P 500 Buffer ETF (BJAN) is designed to provide investors with a defined outcome, specifically a buffer against losses of up to 9% in exchange for a cap on potential gains. The fund achieves this by investing at least 80% of its net assets in FLEX (Flexible Exchange) Options that reference the SPDR S&P 500 ETF Trust (SPY), which tracks the S&P 500 Index. These FLEX Options are highly customizable exchange-traded contracts with tailored strike prices and expiration dates, allowing the fund to target specific outcomes. As a result, the ETF offers significant exposure to the technology sector, which is heavily represented in the S&P 500. The fund is non-diversified, meaning it can concentrate its holdings in a smaller number of securities, which may increase risk but also allows for targeted exposure to the underlying index.

From a technical perspective, BJAN has shown a relatively stable price pattern, with its 20-day moving average of $48.89 and 50-day moving average of $48.49 indicating recent sideways movement. The 200-day moving average of $46.55 suggests longer-term upward momentum. With an average true range (ATR) of 0.35, the ETF exhibits low volatility, making it suitable for risk-averse investors seeking predictable returns. The funds average trading volume of 43,109 shares over the past 20 days reflects moderate liquidity, which is typical for a defined outcome ETF.

Fundamentally, the ETF has assets under management (AUM) of $298.48 million, indicating a sizable but not overly large fund. This AUM level provides sufficient scale to maintain liquidity while avoiding the challenges associated with managing excessively large assets. The funds structure as a defined outcome ETF aligns with its goal of delivering returns tied to the S&P 500 with built-in loss protection.