U.S. Global Jets ETF (NYSEARCA:JETS) Shares Pass Above 50 Day Moving Average – What’s Next?

U.S. Global Jets ETF (NYSEARCA:JETS) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $25.46 and traded as high as $26.21. U.S. Global Jets ETF shares last traded at $26.18, with a volume of 1,078,551 shares.

U.S. Global Jets ETF Stock Up 0.6 %

The business’s fifty day moving average is $25.46 and its two-hundred day moving average is $22.08. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of 26.39 and a beta of 1.18.

Hedge Funds Weigh In On U.S. Global Jets ETF

Several hedge funds have recently added to or reduced their stakes in JETS. Avior Wealth Management LLC raised its position 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 valued at $36,000 after acquiring an additional 1,248 shares during the last quarter. Flow Traders U.S. LLC grew its position 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 worth $2,957,000 after buying an additional 92,939 shares during the period. Finally, Halpern Financial Inc. bought a new stake in U.S. Global Jets ETF in the third quarter valued at approximately $140,000.

U.S. Global Jets ETF Company Profile

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.