U.S. Global Jets ETF (NYSEARCA:JETS) Sets New 52-Week High – Here’s Why

U.S. Global Jets ETF (NYSEARCA:JETS) hit a new 52-week high on Wednesday . The stock traded as high as $24.44 and last traded at $24.32, with a volume of 296400 shares changing hands. The stock had previously closed at $23.34.

U.S. Global Jets ETF Trading Up 1.3 %

The stock’s 50-day moving average price is $20.90 and its 200-day moving average price is $19.93. The company has a market cap of $1.56 billion, a P/E ratio of 26.39 and a beta of 1.18.

Institutional Trading of U.S. Global Jets ETF

A hedge fund recently bought a new stake in U.S. Global Jets ETF stock. Family Firm Inc. bought a new position in U.S. Global Jets ETF (NYSEARCA:JETS) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 3,819 shares of the company’s stock, valued at approximately $75,000.

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.