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The Fund will invest substantially all of its assets in FLexible EXchange Options ("FLEX Options") on the SPDR S&P 500 ETF Trust (the "Underlying ETF"). FLEX Options are customizable exchange-traded option contracts guaranteed for settlement by the Options Clearing Corporation. The Fund uses FLEX Options to employ a "defined outcome strategy." Defined outcome strategies seek to produce pre-determined investment outcomes based upon the performance of an underlying security or index. The pre-determined outcomes sought by the Fund, which include the buffer and cap discussed below ("Outcomes"), are based upon the performance of the Underlying ETF over an approximately one-year period from August 1 through July 31 of the following year (the "Outcome Period"). The initial Outcome Period is from August 1, 2024 through July 31, 2025.
Innovator Etfs Trust Innovator Equity Defined Protection ETF - 1 Yr August trades on the BATS stock market under the symbol ZAUG.
As of December 13, 2024, ZAUG stock price was flat at $24.97 with 304 million shares trading.
ZAUG has a beta of 0.24, meaning it tends to be less sensitive to market movements. ZAUG has a correlation of 0.94 to the broad based SPY ETF.
ZAUG has a market cap of $76.78 million. This is considered a Micro Cap stock.
ZAUG support price is $24.92 and resistance is $25.01 (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 ZAUG shares will trade within this expected range on the day.