BALT Stock Summary and Trading Ideas (Innovator Defined Wealth Shield ETF | BATS:BALT)

The Innovator Defined Wealth Shield ETF seeks to track the return of the SPDR S&P 500 ETF Trust (SPY), to a cap, and provide a measure of downside protection by seeking to buffer investors against losses. The ETF targets a 20% buffer every 3-month outcome period. The ETF can be held indefinitely, resetting at the end of each outcome period. Innovator Defined Outcome ETFs are the first ETFs that allow investors to take advantage of market growth while maintaining defined levels of buffers against loss. The ETFs are as tax-efficient as traditional ETFs due to a recent rule change allowing the in-kind trading of options. Although the ETF targets a 20% buffer, if may fall into a range of 15-20%; there is no guarantee that the buffer will be within this range or that the Fund will provide the buffer.

Innovator Defined Wealth Shield ETF trades on the BATS stock market under the symbol BALT.

As of April 19, 2024, BALT stock price declined to $28.96 with 214,387 million shares trading.

BALT has a beta of 0.17, meaning it tends to be less sensitive to market movements. BALT has a correlation of 0.76 to the broad based SPY ETF.

BALT has a market cap of $612.50 million. This is considered a Small Cap stock.

BALT has underperformed the market in the last year with a return of +5.8%, while the SPY ETF gained +21.2%. In the last 3 month period, BALT fell short of the market, returning +0.9%, while SPY returned +3.0%. However, in the most recent 2 weeks BALT has outperformed the stock market by returning -0.8%, while SPY returned -4.5%.

BALT support price is $28.96 and resistance is $29.08 (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 BALT stock will trade within this expected range on the day.