(BSEP) Innovator SP500 Buffer - - Ratings and Ratios

The Innovator S&P 500 Buffer ETF - September (BSEP) is designed to provide exposure to the S&P 500 with a defined outcome, specifically buffering against losses. The fund achieves this by investing at least 80% of its net assets in FLEX Options that reference the SPDR® S&P 500® ETF Trust (SPY). These FLEX Options are highly customizable exchange-traded contracts, allowing the fund to tailor its risk-return profile. The ETF is part of the Defined Outcome category, focusing on specific investment objectives such as capital protection and returns tied to the S&P 500s performance. It trades on the BATS exchange under the ticker symbol BSEP and is classified as a non-diversified fund, which means it can concentrate its investments in a limited number of securities, potentially increasing risk.

From a technical perspective, BSEP is currently trading at 42.92, slightly below its 20-day SMA of 43.74 and 50-day SMA of 43.50, but above its 200-day SMA of 42.00. This indicates a bearish short-term trend but a bullish long-term outlook. The Average True Range (ATR) of 0.28 suggests low volatility, implying that price movements are relatively stable. The average volume over the past 20 days is 32,946, indicating moderate trading activity.

Over the next three months, based on the current technical and fundamental data, BSEP is expected to trade within a narrow range. The 200-day SMA of 42.00 should act as a support level, while the 50-day SMA of 43.50 may serve as resistance. Given the low ATR of 0.28, volatility is expected to remain subdued, with potential price fluctuations between 42.00 and 43.50. The funds assets under management (AUM) of $173.40 million suggest moderate liquidity, which could support stable trading activity during this period.