(ZALT) Innovator U.S. Equity 10 - Ratings and Ratios

The Innovator U.S. Equity 10 Buffer ETF - Quarterly (BATS:ZALT) is designed to provide investors with exposure to the S&P 500 while incorporating a buffer against potential losses. The fund achieves this by investing at least 80% of its net assets in FLEX Options, which are customizable exchange-traded options contracts referencing the SPDR S&P 500 ETF Trust. These options allow the fund to seek a defined outcome, specifically a 10% buffer against the first 10% of losses over a quarterly outcome period. The fund is managed by Innovator Capital Management, a pioneer in defined outcome ETFs, and is classified as a non-diversified investment vehicle, meaning it can concentrate its holdings in a limited number of securities or strategies. This structure is particularly appealing to risk-averse investors seeking equity exposure with built-in downside protection.

From a technical perspective, ZALT has shown a stable trading pattern, with its 20-day moving average (30.25) slightly above its 50-day moving average (30.11) and both above its 200-day moving average (29.13). The Average True Range (ATR) of 0.15 indicates low volatility, suggesting that price fluctuations are likely to remain subdued. The funds assets under management (AUM) of $385.13 million reflect moderate investor interest, with an average daily trading volume of 116,555 shares. Over the next three months, ZALT is expected to maintain its current trading range, with potential for slight upside if broader market conditions remain favorable. The funds price stability, combined with its defined outcome strategy, positions it as a defensive equity play in uncertain markets.