U.S. Global Jets ETF (NYSEARCA:JETS) Stock Price Passes Below 50 Day Moving Average – Time to Sell?

U.S. Global Jets ETF (NYSEARCA:JETSGet Free Report)’s share price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $31.52 and traded as low as $29.75. U.S. Global Jets ETF shares last traded at $29.76, with a volume of 2,715,581 shares.

U.S. Global Jets ETF Price Performance

The company has a market cap of $717.83 million, a P/E ratio of 9.62 and a beta of 1.19. The business’s 50 day moving average price is $31.48 and its 200-day moving average price is $28.59.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC lifted its position in 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 worth $66,000 after buying an additional 500 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of U.S. Global Jets ETF in the third quarter worth about $6,509,000. Gordian Capital Singapore Pte Ltd raised its stake in shares of U.S. Global Jets ETF by 800,000.0% in the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 8,001 shares of the company’s stock worth $225,000 after acquiring an additional 8,000 shares during the last quarter. IFC & Insurance Marketing Inc. acquired a new position in shares of U.S. Global Jets ETF during the fourth quarter worth approximately $85,000. Finally, RPg Family Wealth Advisory LLC lifted its holdings in U.S. Global Jets ETF by 10.5% during the 4th quarter. RPg Family Wealth Advisory LLC now owns 34,257 shares of the company’s stock worth $962,000 after buying an additional 3,258 shares in the last quarter.

U.S. Global Jets ETF Company Profile

(Get Free Report)

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.

Further Reading

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