OOSP Stock Summary and Trading Ideas (Spinnaker ETF Series Obra Opportunistic Structured Products ETF | ARCA:OOSP)

Obra Opportunistic Structured Products ETF (the "Fund") seeks income and capital preservation. As an actively managed exchange-traded fund ("ETF"), the Fund will not seek to replicate the performance of an index. The Fund intends to achieve its investment objective by investing primarily in securitized asset instruments, which are also referred to as "structured products." Structured products are pre-packaged investments that normally include assets linked to interest or one or more derivatives, which may use leverage. The universe of structured products in the market include, but are not limited to, asset-backed securities (ABS), including private and multi-class structures, pass-through certificates, other instruments secured by financial, physical, and/or intangible assets (i.e., receivables or pools of receivables), tranches of collateralized debt obligations(CDOs), collateralized mortgage obligations (CMOs), collateralized loan obligations (CLOs), agency and nonagency mortgage-backed securities (MBS), such as commercial mortgage-backed securities (CMBS), and residential mortgage-backed securities (RMBS).

Spinnaker ETF Series Obra Opportunistic Structured Products ETF trades on the ARCA stock market under the symbol OOSP.

As of May 8, 2024, OOSP stock price was flat at $10.10 with million shares trading.

OOSP has a market cap of $15.95 million. This is considered a Sub-Micro Cap stock.

OOSP support price is $10.05 and resistance is $10.14 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that OOSP stock will trade within this expected range on the day.