U.S. Global Jets ETF (NYSEARCA:JETS) Shares Gap Down to $19.32

U.S. Global Jets ETF (NYSEARCA:JETS)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $19.32, but opened at $18.87. U.S. Global Jets ETF shares last traded at $18.83, with a volume of 557,813 shares traded.

U.S. Global Jets ETF Price Performance

The company’s 50 day simple moving average is $20.05 and its 200 day simple moving average is $19.80. The firm has a market cap of $1.22 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

Several institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets lifted its position in shares of U.S. Global Jets ETF by 31.7% during the 4th quarter. BNP Paribas Financial Markets now owns 98,266 shares of the company’s stock worth $1,870,000 after purchasing an additional 23,673 shares during the last quarter. Ayalon Insurance Comp Ltd. lifted its position in shares of U.S. Global Jets ETF by 4.3% during the 1st quarter. Ayalon Insurance Comp Ltd. now owns 87,976 shares of the company’s stock worth $1,848,000 after purchasing an additional 3,640 shares during the last quarter. Finally, Livelsberger Financial Advisory purchased a new stake in U.S. Global Jets ETF in the fourth quarter valued at $26,000.

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.