Look Under The Hood: RYE Has 14% Upside
October 09, 2017 at 09:05 AM EDT
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Guggenheim S&P 500 Equal Weight Energy ETF (RYE), we found that the implied analyst target price for the ETF based upon its underlying holdings is $62.60 per unit.