U.S. Global Jets ETF (NYSEARCA:JETS) Sees Unusually-High Trading Volume – What’s Next?

U.S. Global Jets ETF (NYSEARCA:JETS) shares saw unusually-strong trading volume on Friday . Approximately 5,005,097 shares changed hands during trading, an increase of 170% from the previous session’s volume of 1,854,514 shares.The stock last traded at $24.71 and had previously closed at $25.67.

U.S. Global Jets ETF Stock Down 4.0 %

The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 26.39 and a beta of 1.18. The business’s 50 day simple moving average is $25.77 and its 200-day simple moving average is $22.93.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Fullerton Fund Management Co Ltd. bought a new position in U.S. Global Jets ETF in the 4th quarter valued at approximately $11,875,000. DRW Securities LLC grew its position in shares of U.S. Global Jets ETF by 23.1% during the 4th quarter. DRW Securities LLC now owns 53,767 shares of the company’s stock worth $1,363,000 after buying an additional 10,083 shares during the period. Pinnacle Holdings LLC acquired a new stake in shares of U.S. Global Jets ETF during the 4th quarter worth approximately $69,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of U.S. Global Jets ETF during the 4th quarter worth approximately $25,000. Finally, Sims Investment Management LLC acquired a new stake in shares of U.S. Global Jets ETF during the 4th quarter worth approximately $49,000.

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.