U.S. Global Jets ETF (NYSEARCA:JETS) Hits New 52-Week High – What’s Next?

U.S. Global Jets ETF (NYSEARCA:JETS) shares hit a new 52-week high on Monday . The company traded as high as $31.36 and last traded at $31.28, with a volume of 1504938 shares trading hands. The stock had previously closed at $31.00.

U.S. Global Jets ETF Stock Performance

The business’s 50 day moving average price is $27.58 and its 200-day moving average price is $27.62. The firm has a market capitalization of $931.34 million, a PE ratio of 9.62 and a beta of 1.19.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in JETS. Flow Traders U.S. LLC purchased a new stake in U.S. Global Jets ETF in the third quarter valued at $8,584,000. Quadrature Capital Ltd purchased a new position in shares of U.S. Global Jets ETF during the third quarter worth about $6,509,000. Quantitative Investment Management LLC acquired a new stake in shares of U.S. Global Jets ETF during the fourth quarter worth about $3,833,000. Marshall Wace LLP acquired a new stake in shares of U.S. Global Jets ETF during the fourth quarter worth about $1,677,000. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of U.S. Global Jets ETF by 9.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 43,307 shares of the company’s stock valued at $1,067,000 after purchasing an additional 3,871 shares during the last quarter.

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.