The Math Shows DIG Can Go To $29
January 02, 2020 at 08:14 AM EST
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 ProShares Ultra Oil & Gas ETF (DIG), we found that the implied analyst target price for the ETF based upon its underlying holdings is $29.12 per unit.