U.S. Global Jets ETF (NYSEARCA:JETS) Sees Large Volume Increase – What’s Next?

U.S. Global Jets ETF (NYSEARCA:JETS) saw an uptick in trading volume on Thursday . Approximately 2,993,868 shares changed hands during mid-day trading, a decline of 25% from the previous session’s volume of 3,977,204 shares.The stock last traded at $28.4370 and had previously closed at $27.80.

U.S. Global Jets ETF Trading Up 1.9%

The firm has a fifty day moving average price of $30.29 and a 200 day moving average price of $28.46. The firm has a market cap of $696.77 million, a PE ratio of 9.62 and a beta of 1.18.

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

A number of institutional investors have recently made changes to their positions in JETS. Highland Investment Advisors LLC purchased a new position in shares of U.S. Global Jets ETF during the 2nd quarter worth approximately $167,000. Rathbones Group PLC acquired a new position in shares of U.S. Global Jets ETF during the 1st quarter worth $228,000. Ibex Wealth Advisors purchased a new position in shares of U.S. Global Jets ETF in the 1st quarter valued at about $323,000. Janney Montgomery Scott LLC lifted its stake in shares of U.S. Global Jets ETF by 9.8% in the first quarter. Janney Montgomery Scott LLC now owns 43,307 shares of the company’s stock valued at $1,067,000 after purchasing an additional 3,871 shares during the period. Finally, AdvisorNet Financial Inc boosted its holdings in U.S. Global Jets ETF by 1,730.9% during the first quarter. AdvisorNet Financial Inc now owns 4,980 shares of the company’s stock worth $123,000 after buying an additional 4,708 shares in the last quarter.

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.