DFEN's Underlying Holdings Could Mean 18% Gain Potential
November 09, 2020 at 08:10 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 Daily Aerospace & Defense Bull 3X Shares ETF (DFEN), we found that the implied analyst target price for the ETF based upon its underlying holdings is $12.70 per unit.