U.S. Global Jets ETF (NYSEARCA:JETS) Sets New 12-Month High – Should You Buy?

Shares of U.S. Global Jets ETF (NYSEARCA:JETS) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $26.50 and last traded at $26.50, with a volume of 96758 shares trading hands. The stock had previously closed at $25.77.

U.S. Global Jets ETF Price Performance

The company has a market cap of $1.67 billion, a price-to-earnings ratio of 26.39 and a beta of 1.18. The business’s fifty day moving average price is $24.87 and its 200 day moving average price is $21.40.

Institutional Investors Weigh In On U.S. Global Jets ETF

An institutional investor recently raised its position in U.S. Global Jets ETF stock. Flow Traders U.S. LLC boosted its position in U.S. Global Jets ETF (NYSEARCA:JETS) by 186.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 142,713 shares of the company’s stock after buying an additional 92,939 shares during the period. Flow Traders U.S. LLC owned approximately 0.22% of U.S. Global Jets ETF worth $2,957,000 at the end of the most recent 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.