U.S. Global Jets ETF (NYSEARCA:JETS) Hits New 12-Month High – What’s Next?

Posted by Jeff Wilder on Dec 14th, 2024

U.S. Global Jets ETF (NYSEARCA:JETS – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $26.12 and last traded at $25.97, with a volume of 300013 shares trading hands. The stock had previously closed at $25.93.

U.S. Global Jets ETF Stock Down 0.9 %

The firm has a market capitalization of $1.61 billion, a PE ratio of 26.39 and a beta of 1.18. The company has a 50-day moving average of $23.58 and a 200 day moving average of $20.67.

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

A number of institutional investors have recently made changes to their positions in the stock. Flow Traders U.S. LLC lifted its position in U.S. Global Jets ETF by 186.7% in 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 last quarter. Halpern Financial Inc. purchased a new position in shares of U.S. Global Jets ETF during the third quarter worth approximately $140,000. Finally, Family Firm Inc. bought a new stake in shares of U.S. Global Jets ETF in the 2nd quarter worth approximately $75,000.

About U.S. Global Jets ETF

(Get Free Report)

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.