U.S. Global Jets ETF (NYSEARCA:JETS) Stock Crosses Above 50-Day Moving Average – Should You Sell?

U.S. Global Jets ETF (NYSEARCA:JETS)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 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 changing hands.

U.S. Global Jets ETF Trading Up 0.7 %

The company has a market capitalization of $1.67 billion, a P/E ratio of 26.39 and a beta of 1.18. The business’s fifty day moving average price is $25.14 and its 200-day moving average price is $21.69.

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

A number of large investors have recently added to or reduced their stakes in the business. Flow Traders U.S. LLC increased its position in shares of 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 valued at $2,957,000 after buying an additional 92,939 shares during the period. Halpern Financial Inc. purchased a new position in shares of U.S. Global Jets ETF during the third quarter valued at about $140,000. Finally, Avior Wealth Management LLC increased its position in shares of 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 period.

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.