SEC Cautions Direxion, ProShares, and Tidal, Delaying New Leveraged ETF Introductions
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
SEC Warning Letters: The US Securities and Exchange Commission has sent warning letters to major providers of leveraged exchange-traded funds (ETFs), halting the launch of products aimed at delivering two- or three-times-daily market returns until concerns are addressed.
Concerns Over Risk: The SEC expressed worries that these leveraged funds may exceed acceptable risk levels, prompting the agency to require fund managers to revise their strategies or withdraw their applications.
Analyst Views on UDOW
Wall Street analysts forecast UDOW stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for UDOW is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 61.180
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Current: 61.180
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
