Add Up The Pieces: SSO Could Be Worth $109

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 S&P500 ETF (SSO), we found that the implied analyst target price for the ETF based upon its underlying holdings is $109.36 per unit.