(DNOV) FT Cboe Vest U.S. Equity - Ratings and Ratios

The FT Cboe Vest U.S. Equity Deep Buffer ETF - November (DNOV) is a defined outcome ETF designed to provide investors with exposure to the S&P 500 while incorporating downside protection. Under normal market conditions, the fund allocates substantially all its assets to FLEX Options, which are exchange-traded, customizable option contracts. These options are tied to the SPDR S&P 500 ETF Trust, allowing the fund to seek returns based on the S&P 500s performance while mitigating potential losses. The ETF is non-diversified, concentrating its investments in these specialized options to achieve its defined outcome strategy.

As of the latest data, DNOV has an average 20-day volume of 9,416 shares, indicating moderate trading activity. The funds last price was 43.32, with a 20-day SMA of 43.59 and a 50-day SMA of 43.36, suggesting a slight bullish trend in the short term. The 200-day SMA of 42.32 indicates longer-term stability. The ATR of 0.26 reflects low volatility, suggesting the funds price movements are relatively stable. With an AUM of $326.61 million, DNOV is a sizeable fund in its category, focusing on delivering specific risk-adjusted returns through its options-based strategy.