The Math Shows EWSC Can Go To $61
April 11, 2018 at 08:24 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 SmallCap 600 Equal Weight ETF (EWSC), we found that the implied analyst target price for the ETF based upon its underlying holdings is $60.62 per unit.