U.S. Global Jets ETF (NYSEARCA:JETS) Stock Price Crosses Above Fifty Day Moving Average – Time to Sell?

U.S. Global Jets ETF (NYSEARCA:JETS) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $25.14 and traded as high as $26.31. U.S. Global Jets ETF shares last traded at $26.19, with a volume of 1,980,139 shares.

U.S. Global Jets ETF Price Performance

The business has a 50 day moving average price of $25.14 and a two-hundred day moving average price of $21.67. The stock has a market cap of $1.67 billion, a PE ratio of 26.39 and a beta of 1.18.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Avior Wealth Management LLC grew its holdings in shares of U.S. Global Jets ETF by 656.8% during the 4th quarter. Avior Wealth Management LLC now owns 1,438 shares of the company’s stock worth $36,000 after acquiring an additional 1,248 shares during the period. Halpern Financial Inc. bought a new stake in shares of U.S. Global Jets ETF during the third quarter valued at approximately $140,000. Finally, Flow Traders U.S. LLC grew its stake in U.S. Global Jets ETF by 186.7% in the third quarter. Flow Traders U.S. LLC now owns 142,713 shares of the company’s stock worth $2,957,000 after purchasing an additional 92,939 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.