JETS Stock Summary and Trading Ideas (U.S. Global Jets ETF | ARCA:JETS)

The U.S. Global Jets ETF (JETS) provides investors access to the global airline industry, including airline operators and manufacturers from all over the world. The Index tracks the performance of Airline Companies across the globe with an emphasis on domestic passenger airlines.

U.S. Global Jets ETF trades on the ARCA stock market under the symbol JETS.

As of December 13, 2024, JETS stock price declined to $25.27 with 835,312 million shares trading.

JETS has a beta of 0.58, meaning it tends to be less sensitive to market movements. JETS has a correlation of 0.11 to the broad based SPY ETF.

JETS has a market cap of $1.14 billion. This is considered a Small Cap stock.

In the last 3 years, JETS traded as high as $26.12 and as low as $14.69.

JETS has outperformed the market in the last year with a price return of +34.8% while the SPY ETF gained +29.9%. JETS has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +31.1% and +2.9%, respectively, while the SPY returned +7.8% and +0.3%, respectively.

JETS support price is $25.12 and resistance is $25.93 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that JETS shares will trade within this expected range on the day.