Innovator U.S. Equity Ultra Buffer ETF (UMAY)
Innovator U.S. Equity Ultra Buffer ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $38.92, up 0.27% on the session, giving a market capitalisation of $60.1M. Its beta of 0.30 implies it has historically moved less than the broad market.
The Innovator U.S. Equity Ultra Buffer ETF is designed to mirror the investment performance of the SPDR S&P 500 ETF Trust (SPY), with returns capped at a specific predetermined level. Simultaneously, it is engineered to shield investors from potential losses ranging from -5% to -35% during its designated outcome period. This ETF offers the flexibility of being held for an unlimited duration, as its investment parameters are re-established at the conclusion of each outcome period, which typically happens once a year.
Innovator U.S. Equity Ultra Buffer ETF is most often compared with the following Financial Services names: