U.S. Global Jets ETF (NYSEARCA:JETS) Hits New 12-Month High – What’s Next?

Posted by Jessica Moore on Dec 5th, 2024

U.S. Global Jets ETF (NYSEARCA:JETS – Get Free Report)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $25.86 and last traded at $25.66, with a volume of 724639 shares traded. The stock had previously closed at $25.00.

U.S. Global Jets ETF Trading Up 3.8 %

The stock’s 50 day moving average is $22.88 and its 200 day moving average is $20.43. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 26.39 and a beta of 1.18.

Institutional Investors Weigh In On U.S. Global Jets ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Flow Traders U.S. LLC lifted its holdings in shares of U.S. Global Jets ETF by 186.7% during the 3rd quarter. Flow Traders U.S. LLC now owns 142,713 shares of the company’s stock valued at $2,957,000 after acquiring an additional 92,939 shares in the last quarter. Halpern Financial Inc. acquired a new position in shares of U.S. Global Jets ETF during the third quarter worth about $140,000. Finally, Family Firm Inc. acquired a new position in shares of U.S. Global Jets ETF during the second quarter worth about $75,000.

About U.S. Global Jets ETF

(Get Free Report)

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.