U.S. Global Jets ETF (NYSEARCA:JETS) Hits New 12-Month High – Here’s Why

U.S. Global Jets ETF (NYSEARCA:JETS)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $22.64 and last traded at $22.55, with a volume of 697563 shares changing hands. The stock had previously closed at $22.57.

U.S. Global Jets ETF Price Performance

The firm has a market cap of $1.44 billion, a PE ratio of 26.39 and a beta of 1.18. The firm has a 50-day simple moving average of $19.67 and a 200 day simple moving average of $19.67.

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

A hedge fund recently bought a new stake in U.S. Global Jets ETF stock. Family Firm Inc. purchased a new position in U.S. Global Jets ETF (NYSEARCA:JETS) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 3,819 shares of the company’s stock, valued at approximately $75,000.

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.