(QHDG) Innovator Hedged Nasdaq-100 - Ratings and Ratios

The Innovator Hedged Nasdaq-100 ETF (NASDAQ: QHDG) is an actively managed exchange-traded fund designed to deliver capital appreciation by tracking the performance of the Nasdaq-100 Index while incorporating downside protection through hedging strategies. The fund typically maintains at least 80% of its net assets in equity securities and option contracts tied to the Nasdaq-100 Index, offering exposure to 100 of the largest non-financial companies listed on the Nasdaq. As a non-diversified fund, it may concentrate its holdings in a smaller number of securities, which can lead to higher volatility compared to diversified funds.

From a technical standpoint, QHDG has shown a recent price of $25.29, with its short-term SMA (20-period) at $25.61 and medium-term SMA (50-period) at $26.51, indicating a slight decline below its recent moving averages. The long-term SMA (200-period) stands at $26.07, suggesting the fund is trading near its longer-term average. The Average True Range (ATR) of 0.20 reflects relatively low volatility, while the average 20-day volume of 1,000 shares highlights limited trading activity, which may impact liquidity.

Fundamentally, QHDG manages assets under management (AUM) of $8.84 million, placing it in the smaller category of ETFs. This modest size may result in higher operating costs and less liquidity compared to larger funds in its category. However, its focused strategy on hedging against market downturns while maintaining exposure to high-growth tech stocks aligns with its objective of balancing risk and return.