(BJUL) Innovator U.S. Equity - Ratings and Ratios

The Innovator U.S. Equity Buffer ETF - July (BATS: BJUL) is a defined outcome ETF designed to provide exposure to the SPDR® S&P 500® ETF Trust (SPY) with built-in downside protection. The fund invests at least 80% of its net assets in FLexible EXchange® Options (FLEX Options), which are highly customizable, exchange-traded option contracts. These options are tied to the performance of the Underlying ETF, offering a structured outcome. While FLEX Options are guaranteed for settlement by the Options Clearing Corporation (OCC), they are not without risks, including counterparty exposure to the OCC and potentially lower liquidity compared to traditional exchange-traded options.

BJUL is classified as a non-diversified fund, meaning it can concentrate its holdings in a limited number of securities, which may amplify risks and potential returns. The funds structure is tailored for investors seeking equity exposure with defined downside protection, typically within a specific outcome period. Its performance is closely tied to the S&P 500, but with a buffer against losses, making it a tool for risk-managed equity allocation.

From a technical standpoint, BJUL has shown a relatively stable price pattern, with its 20-day SMA at 45.54 and 50-day SMA at 45.24, slightly above its current price of 45.14. The 200-day SMA at 43.46 indicates a moderate upward trend over the past year. Average trading volume of 20,520 shares suggests moderate liquidity. The ATR of 0.33 reflects low volatility, with daily price movements remaining relatively contained.

Fundamentally, the ETF manages assets of $226.22 million, indicating a sizable but not overly large fund. This AUM level suggests that BJUL can maintain liquidity while being less susceptible to the scalability issues faced by smaller ETFs. Its focus on FLEX Options aligns with the growing demand for structured investment products offering defined outcomes.