U.S. Global Jets ETF (NYSEARCA:JETS) Sees Unusually-High Trading Volume – What’s Next?

U.S. Global Jets ETF (NYSEARCA:JETS) shares saw unusually-high trading volume on Friday . Approximately 5,005,097 shares were traded during mid-day trading, an increase of 170% from the previous session’s volume of 1,854,514 shares.The stock last traded at $24.71 and had previously closed at $25.67.

U.S. Global Jets ETF Trading Down 4.0 %

The firm’s 50-day moving average is $25.77 and its 200-day moving average is $22.93. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 26.39 and a beta of 1.18.

Institutional Trading of U.S. Global Jets ETF

Several hedge funds have recently bought and sold shares of JETS. Fullerton Fund Management Co Ltd. acquired a new stake in U.S. Global Jets ETF in the 4th quarter valued at $11,875,000. Flow Traders U.S. LLC boosted its holdings in U.S. Global Jets ETF by 186.7% during the 3rd quarter. Flow Traders U.S. LLC now owns 142,713 shares of the company’s stock worth $2,957,000 after acquiring an additional 92,939 shares during the last quarter. Leuthold Group LLC purchased a new position in U.S. Global Jets ETF during the 4th quarter worth $1,095,000. DRW Securities LLC boosted its holdings in U.S. Global Jets ETF by 23.1% during the 4th quarter. DRW Securities LLC now owns 53,767 shares of the company’s stock worth $1,363,000 after acquiring an additional 10,083 shares during the last quarter. Finally, Roxbury Financial LLC purchased a new position in U.S. Global Jets ETF during the 4th quarter worth $73,000.

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.