(PJUN) Innovator SP500 Power - BATS
ETF Category: Defined Outcome | Exchange: BATS (USA) | Market Cap: 804m USD | Total Return: 10.2% in 12m
Avg Turnover: 6.26M
Warnings
No concerns identified
Tailwinds
Shakeout
PJUN is a non-diversified defined outcome ETF that invests at least 80% of its net assets in FLEX Options tied to the SPDR S&P 500 ETF Trust. These customizable options allow the fund to target specific price return thresholds while providing a buffer against market losses over a one-year period. Unlike standard equity funds, defined outcome ETFs use derivatives to manage risk-reward profiles rather than holding the underlying stocks directly.
The funds reliance on FLEX Options introduces counterparty risk associated with the Options Clearing Corporation, as these instruments can be less liquid than standard exchange-traded options. This business model is designed for investors seeking capped upside potential in exchange for downside protection within a specific timeframe. For deeper insights into risk-adjusted performance, ValueRay provides additional analytical tools.
- S&P 500 price action determines FLEX option intrinsic value
- Options overlay strategy limits upside participation during bull markets
- Buffer mechanism mitigates losses within defined 15% downside range
- OCC counterparty stability ensures settlement of customized FLEX contracts
As of June 14, 2026, the stock is trading at USD 42.99 with a total of 131,841 shares traded.
Over the past week, the price has changed by +0.28%,
over one month by -0.62%,
over three months by +2.92% and
over the past year by +10.15%.
Innovator SP500 Power has no consensus analysts rating.