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

Shares of U.S. Global Jets ETF (NYSEARCA:JETS) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $30.53 and traded as high as $31.79. U.S. Global Jets ETF shares last traded at $31.68, with a volume of 1,459,358 shares changing hands.

U.S. Global Jets ETF Price Performance

The business’s fifty day simple moving average is $30.53 and its two-hundred day simple moving average is $28.27. The company has a market cap of $785.66 million, a PE ratio of 9.62 and a beta of 1.18.

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

Institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC acquired a new position in U.S. Global Jets ETF in the 4th quarter worth about $995,000. Quantitative Investment Management LLC purchased a new stake in shares of U.S. Global Jets ETF in the fourth quarter valued at approximately $3,833,000. Marshall Wace LLP acquired a new position in shares of U.S. Global Jets ETF during the 4th quarter worth approximately $1,677,000. IFC & Insurance Marketing Inc. acquired a new position in shares of U.S. Global Jets ETF during the 4th quarter worth approximately $85,000. Finally, NewEdge Advisors LLC lifted its position in shares of U.S. Global Jets ETF by 18.8% during the 1st quarter. NewEdge Advisors LLC now owns 3,164 shares of the company’s stock valued at $66,000 after buying an additional 500 shares in 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.