U.S. Global Jets ETF (NYSEARCA:JETS) Stock Passes Above 50-Day Moving Average – Here’s What Happened

U.S. Global Jets ETF (NYSEARCA:JETS) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $25.14 and traded as high as $26.31. U.S. Global Jets ETF shares last traded at $26.19, with a volume of 1,980,139 shares.

U.S. Global Jets ETF Stock Up 0.7 %

The business has a 50-day simple moving average of $25.14 and a 200-day simple moving average of $21.67. The company has a market cap of $1.67 billion, a PE ratio of 26.39 and a beta of 1.18.

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

Large investors have recently added to or reduced their stakes in the stock. Avior Wealth Management LLC lifted its position in shares of U.S. Global Jets ETF by 656.8% in the fourth quarter. Avior Wealth Management LLC now owns 1,438 shares of the company’s stock valued at $36,000 after acquiring an additional 1,248 shares in the last quarter. Flow Traders U.S. LLC lifted its stake in shares of U.S. Global Jets ETF by 186.7% in the third 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 in the last quarter. Finally, Halpern Financial Inc. acquired a new position in U.S. Global Jets ETF during the third quarter worth about $140,000.

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.