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

U.S. Global Jets ETF (NYSEARCA:JETS)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $26.72 and last traded at $26.54, with a volume of 328023 shares changing hands. The stock had previously closed at $26.19.

U.S. Global Jets ETF Stock Performance

The firm has a market cap of $1.71 billion, a P/E ratio of 26.39 and a beta of 1.18. The business has a 50-day simple moving average of $25.17 and a 200 day simple moving average of $21.75.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Flow Traders U.S. LLC boosted its stake in U.S. Global Jets ETF by 186.7% during the third quarter. Flow Traders U.S. LLC now owns 142,713 shares of the company’s stock worth $2,957,000 after acquiring an additional 92,939 shares in the last quarter. Halpern Financial Inc. purchased a new stake in shares of U.S. Global Jets ETF in the 3rd quarter worth approximately $140,000. Finally, Avior Wealth Management LLC raised its stake in U.S. Global Jets ETF by 656.8% during the fourth quarter. Avior Wealth Management LLC now owns 1,438 shares of the company’s stock valued at $36,000 after buying an additional 1,248 shares during the last quarter.

About U.S. Global Jets ETF

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.