The Math Shows HSMV Can Go To $37
October 22, 2021 at 07:54 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 First Trust Horizon Managed Volatility Small/Mid ETF (HSMV), we found that the implied analyst target price for the ETF based upon its underlying holdings is $37.02 per unit.