UNOV Stock Summary and Trading Ideas (Innovator U.S. Equity Ultra Buffer ETF - November | BATS:UNOV)

The Fund seeks to provide investors with returns that match the price return of the SPDR S&P 500 ETF Trust, up to the upside cap of 15.44% (prior to taking into account management fees and other fees) while providing a buffer against SPDR S&P 500 ETF Trust losses of between 5% and 35% (prior to taking into account management fees and other fees) over the period from November 1, 2023 to October 31, 2024. The Fund invests at least 80% of its net assets in FLexible EXchange Options ("FLEX Options") that reference the SPDR S&P 500 ETF Trust (the "Underlying ETF").

Innovator U.S. Equity Ultra Buffer ETF - November trades on the BATS stock market under the symbol UNOV.

As of April 19, 2024, UNOV stock price declined to $32.35 with 3,051 million shares trading.

UNOV has a market cap of $53.38 million. This is considered a Micro Cap stock.

In the last 3 years, UNOV stock traded as high as $32.72 and as low as $26.99.

UNOV has underperformed the market in the last year with a return of +10.7%, while the SPY ETF gained +21.2%. In the last 3 month period, UNOV fell short of the market, returning +1.4%, while SPY returned +3.0%. However, in the most recent 2 weeks UNOV has outperformed the stock market by returning -0.9%, while SPY returned -4.5%.

UNOV support price is $32.35 and resistance is $32.50 (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 UNOV stock will trade within this expected range on the day.