The Math Shows HBU Can Go To $19
March 22, 2016 at 07:21 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 ProShares Ultra Homebuilders & Supplies ETF (HBU), we found that the implied analyst target price for the ETF based upon its underlying holdings is $19.27 per unit.