(PMAY) Innovator SP500 Power - BATS
ETF Category: Defined Outcome | Exchange: BATS (USA) | Market Cap: 819m USD | Total Return: 10.8% in 12m
Avg Turnover: 3.11M
Warnings
No concerns identified
Tailwinds
Shakeout
The Innovator S&P 500 Power Buffer ETF (PMAY) is a non-diversified exchange-traded fund designed to provide exposure to the SPDR S&P 500 ETF Trust while utilizing a defined outcome strategy. The fund mandates that at least 80% of its net assets are allocated to investments tracking the S&P 500 index.
PMAY utilizes a buffer business model, which employs FLEX options to protect investors against a specific range of market losses-typically the first 15% of a decline-over a one-year period. This sector of the ETF market caters to risk-averse investors seeking equity participation with a structured downside floor. You can compare these risk-mitigation metrics against industry peers on ValueRay.
- S&P 500 price action dictates the performance of underlying FLEX options
- Downside protection buffer limits losses during periods of moderate market volatility
- Capped upside potential restricts gains during significant equity market rallies
- Changes in short-term interest rates impact the pricing of derivative contracts
- Options expiration cycle requires annual reset of return and protection parameters
As of June 14, 2026, the stock is trading at USD 41.11 with a total of 70,166 shares traded.
Over the past week, the price has changed by +0.42%,
over one month by +0.22%,
over three months by +3.46% and
over the past year by +10.81%.
Innovator SP500 Power has no consensus analysts rating.