U.S. Global Jets ETF (NYSEARCA:JETS – Get Free Report) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $25.85 and traded as high as $28.11. U.S. Global Jets ETF shares last traded at $27.59, with a volume of 5,762,207 shares traded.
U.S. Global Jets ETF Price Performance
The business has a 50-day simple moving average of $25.85 and a two-hundred day simple moving average of $26.91. The stock has a market cap of $798.29 million, a price-to-earnings ratio of 9.62 and a beta of 1.16.
Hedge Funds Weigh In On U.S. Global Jets ETF
Several institutional investors and hedge funds have recently made changes to their positions in JETS. Ares Financial Consulting LLC acquired a new position in shares of U.S. Global Jets ETF in the fourth quarter valued at approximately $49,000. NewEdge Advisors LLC boosted its stake in shares of U.S. Global Jets ETF by 18.8% in the first quarter. NewEdge Advisors LLC now owns 3,164 shares of the company’s stock valued at $66,000 after buying an additional 500 shares during the period. IFC & Insurance Marketing Inc. bought a new stake in shares of U.S. Global Jets ETF in the fourth quarter valued at approximately $85,000. AdvisorNet Financial Inc boosted its stake in shares of U.S. Global Jets ETF by 1,730.9% in the first quarter. AdvisorNet Financial Inc now owns 4,980 shares of the company’s stock valued at $123,000 after buying an additional 4,708 shares during the period. Finally, Private Trust Co. NA boosted its stake in shares of U.S. Global Jets ETF by 48.1% in the fourth quarter. Private Trust Co. NA now owns 7,403 shares of the company’s stock valued at $208,000 after buying an additional 2,403 shares during the period.
About U.S. Global Jets ETF
The U.S. Global Jets ETF (JETS) is an exchange-traded fund that is based on the Stuttgart US Global Jets (USD) index. The fund invests in both US and non-US airline companies. This concentrated portfolio is weighted towards domestic passenger airlines. JETS was launched on Apr 28, 2015 and is managed by US Global.
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