U.S. Global Jets ETF (NYSEARCA:JETS) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

U.S. Global Jets ETF (NYSEARCA:JETS)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $22.56 and traded as high as $25.93. U.S. Global Jets ETF shares last traded at $25.85, with a volume of 716,552 shares trading hands.

U.S. Global Jets ETF Trading Up 0.6 %

The business has a fifty day moving average price of $25.76 and a two-hundred day moving average price of $22.56. The firm has a market capitalization of $1.65 billion, a PE ratio of 26.39 and a beta of 1.18.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of JETS. Flow Traders U.S. LLC boosted its position in shares of U.S. Global Jets ETF by 186.7% during the third quarter. Flow Traders U.S. LLC now owns 142,713 shares of the company’s stock worth $2,957,000 after buying an additional 92,939 shares during the period. Leuthold Group LLC acquired a new position in U.S. Global Jets ETF during the 4th quarter worth about $1,095,000. Roxbury Financial LLC purchased a new position in U.S. Global Jets ETF during the 4th quarter valued at about $73,000. Sims Investment Management LLC purchased a new position in U.S. Global Jets ETF during the 4th quarter valued at about $49,000. Finally, Avior Wealth Management LLC grew its position in U.S. Global Jets ETF by 656.8% in the 4th quarter. Avior Wealth Management LLC now owns 1,438 shares of the company’s stock valued at $36,000 after acquiring an additional 1,248 shares in the last quarter.

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.